GBPJPY on a Fibonacci Level! $GBPJPY
From What we can see on the 30M Candlestick Chart, following a string downtrend, the price has managed to break past a support level close to the 144.400 level.
With it now retracing and coming back to that level which also happens to be a 50% retracement of the move that broke the support.
However, if we look at the Higher Time Frame, we will see that it is at a major support.
Which one will prevail?
With it now retracing and coming back to that level which also happens to be a 50% retracement of the move that broke the support.
However, if we look at the Higher Time Frame, we will see that it is at a major support.
Which one will prevail?
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