break 0.618 when fall back to support , bouncing from 0.768 and perhaps will arrive as another shoulder where sitting on 0.268
perhaps fall to 100% ,and bounce to 0.618 (as some strong resistance ) ,then go on
hahaha
#gbpjpy
In a bullish channel , broke trend line in 4hr , took support from the channel & now retesting levels. .
If price bounce back from the yellow zone, all set to go up again
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (151.07).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
