GBPJPY Longing Chance 07/01/2022
Technical analysis:
As you can see in daily chart, GBPJPY show bullish divergence on MACD. the price have ranged between 148.50 and 153.50 about two months. At this moment, the currency pair is consolidating and accumulating above Fibo golden zone and intermediate support, what we think that GBPJPY might breakout Fibo 0% (the resistance area level ) in order to get ready and to shoot for TP1 ( 155.13) and ultimately higher targets levels, which are specified by Fibonacci Projection.
As you can see in daily chart, GBPJPY show bullish divergence on MACD. the price have ranged between 148.50 and 153.50 about two months. At this moment, the currency pair is consolidating and accumulating above Fibo golden zone and intermediate support, what we think that GBPJPY might breakout Fibo 0% (the resistance area level ) in order to get ready and to shoot for TP1 ( 155.13) and ultimately higher targets levels, which are specified by Fibonacci Projection.
Trade closed: target reached:
1 and 2 Target Achieved
