GBP/JPY
Hello everyone,
A good opportunity has been detected on the GBP/JPY pair.
After strong upward movement on the GBP/JPY, the price
found resistance on a 161.8% Fibonacci extension level, pulled
back and is currently correcting to the downside.
We are expecting the price to reach approximately the 137.85
price level, where we have a 38.2% Fibonacci retracement level,
a strong support point, as well as an upward trendline.
A good opportunity has been detected on the GBP/JPY pair.
After strong upward movement on the GBP/JPY, the price
found resistance on a 161.8% Fibonacci extension level, pulled
back and is currently correcting to the downside.
We are expecting the price to reach approximately the 137.85
price level, where we have a 38.2% Fibonacci retracement level,
a strong support point, as well as an upward trendline.
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