GBP/JPY Faces Pullback - Bullish Indicators in Focus - LONG
The price has been steadily increasing, showcasing a strong bullish momentum. Yesterday, the price underwent a retest of the 50% Fibonacci area, bringing us closer to our target at 175.100. This level coincides with the D Leg extension of the ABCD pattern. As we analyze the chart, we are anticipating a continuation of the bullish trend.
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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.