GBPJPY WEEKLY UPDATE 24/2 - 3/3
Updated
Hi all
Weekly recaps:
The price of the GBPJPY has reached the 50% fibonacci level from the previous high of 172.129 and low of 155.350 following a breakout consolidation level (please see earlier post).
GBP/JPY needs to hold above 161.802 until this week's market close in order to continue its upward movement.
So, I expect that price will end the breakout pullback and begin a long position with 164.xx as the target.
Let me know what you think In the comments!
My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills.
Thanks a lot for your support.
Weekly recaps:
The price of the GBPJPY has reached the 50% fibonacci level from the previous high of 172.129 and low of 155.350 following a breakout consolidation level (please see earlier post).
GBP/JPY needs to hold above 161.802 until this week's market close in order to continue its upward movement.
So, I expect that price will end the breakout pullback and begin a long position with 164.xx as the target.
Let me know what you think In the comments!
My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills.
Thanks a lot for your support.
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