My perception of this pair was proven to the poin regarding last week's end.
After the Prime Minister news in England in conjuction with the weekly supply zone of GBPJPY, the pair gave us 400 pips in profit.
Drawing Fibo from the SH to the SL of recent prie action, I see that the price might try to buy back up a little and then fall again.
In the magenta color area, I take for granted that this previous support zone has been broken during 4H PA and now it is going to be checked as support.
After the Prime Minister news in England in conjuction with the weekly supply zone of GBPJPY, the pair gave us 400 pips in profit.
Drawing Fibo from the SH to the SL of recent prie action, I see that the price might try to buy back up a little and then fall again.
In the magenta color area, I take for granted that this previous support zone has been broken during 4H PA and now it is going to be checked as support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.