GBPJPY showing a bullish retracement

Jan 16, 2017

Hello, I see a potential retracement zone between 0.5 and 0.382 fib levels. 138.141 line can act as a strong support area as price have been bouncing on it right from the weekly chart. I will go long if price closes above 138.141 level

Jan 17, 2017

Note

I have my long signal. A bounce on 0.5 fib and break of 138.146 resistance. I will go buy at the close of this marubozu candle if happened above resistance line.

Jan 18, 2017

Note

OK. Time to buy