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British Pound / Japanese YenUpdated

GBPJPY to the 50% test 🦐

GBPJPY on the 4h chart has tested the 172 level at a previous historical high.
The price is now retracing to the weekly support at the 50% Fibonacci level.

Being the trend totally bullish we will wait for the new inversion to look for a nice long order according to the Plancton's strategy rules.
Note
snapshot moving to the support area
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snapshot testing the expected area
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snapshot perfect bounce over the 50% support
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snapshot new test of the 0.618 fibonacci
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snapshot 140 pips since the last update
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snapshot possible new break ahead
InkyGrip
Trend Analysis
InkyGrip

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