British Pound / Japanese Yen
Long
Updated

GBP/JPY

200
Resistance Levels
189.513
189.469

Support Levels
188.773
188.720

Fib Extension Level
189.122

Point of Interest
TP Level - 189.993

Waiting for the 15min candle to break and close above the daily high, I have used the fib extension drawn from daily high to daily love to determine the point of interest (TP).
The entry that will be executed has to take place in the (LONDON LIVE ZONE).
Note
NO entry as GJ did not break the daily high instead it retraced from the fib extension .50 area as intended but had no moment to complete the movement to the upside.
snapshot

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