GBPJPY MAKING HIGHER HIGHS AND BOUNCING OFF FIBO PRICE LEVEL
From Daily time frame the GBPJPY Pair has bouncing off fibonacci retracement price level from the low of January 3rd 2019 at 131.04, The pair has been making a higher highs price movement all respecting the fibonacci price level. from the chart the Monday bullish candlestick bounce off 23.6% fibo level at the same time respecting 50EMA in the direction of the trend. Currently today candlestick trending bullish confirming bullish setup, I see a move of the price hitting 147.64 resistance then 149.43
Bias: BUY at CURRENT PRICE 146.59 SL 144.82
Bias: BUY at CURRENT PRICE 146.59 SL 144.82
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.