possible long setup
GBPJPY has experienced down movement in the past few days and has now reached to a level where I believe a bounce required.
It has just managed to hit into the previous strong support zone and immediately bounced back up. I expect it to go down a bit further possibly to seek for SL and then go straight back up.
SL: below 151.35
TP: fib based, targeting 151.867 which is fib based; however it has potential to go much higher reaching the upper edge of the channel (second green line)
GL
It has just managed to hit into the previous strong support zone and immediately bounced back up. I expect it to go down a bit further possibly to seek for SL and then go straight back up.
SL: below 151.35
TP: fib based, targeting 151.867 which is fib based; however it has potential to go much higher reaching the upper edge of the channel (second green line)
GL
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