GBPJPY Confirmed long-term buy opportunity.
The GBPJPY pair has recovered the late July sell-off and inserted again back within the 2-year Channel Up and even closed the last 2 weeks above the 1W MA50 (blue trend-line). The latter technically confirmed the bottom and the start of the new Bullish Leg.
The first Bullish Leg of the Channel Up reached the 2.0 Fibonacci extension, the second aimed even higher, so our 218.00 Target towards the peak of the Sine Wave appears to technically be a modest long-term Target.
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The first Bullish Leg of the Channel Up reached the 2.0 Fibonacci extension, the second aimed even higher, so our 218.00 Target towards the peak of the Sine Wave appears to technically be a modest long-term Target.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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