GBPJPY Long before news!

My analysis is based on an entry strategy that I often apply. I proceeded to identify a demand zone after a structural breakout (BOS). Then, I looked for confirmation on M15 and subsequently identified an entry point with Fibonacci. The target is two targets with a final target in the 172.40 zone RR 1:7.

Let me know what you think.

Happy trading to all.

Forex48 Trading Academy