GBPJPY LONG BEFORE A SHORT

٢٩ ديسمبر ٢٠١٩

GB[JPY has rejected off the previous resistance it has gone lower to reject off the 0.786 on the daily indicating that it is a very weak trend to the upside. Therefore im predicting that the price will reach the last resistance before rejecting again(As it is testing the previous rejection) before reaching 139.91.
I have chosen this target as it is the 0.382 fib level on the weekly chart.