Bullish potential on GBP/GPY
Updated
GBPJPY gave 2 strong rejections on the 0.618 fib level on the 1H. Price is also at 166.000, this can become a support level. On the 5 minute timeframe, a new HH is made so this means potential bullish movement. Once there is more bullish momentum, potential buys can be possible.
Disclaimer: Always use your own knowledge and analysis.
Disclaimer: Always use your own knowledge and analysis.
Note
Another clean rejection on the 0.618 level on the 1H timeframe. This is the third rejection and the price is forming a support on 166.000.Trade active
Trade is currently up & running with 45 pips in profit. If GBP/JPY makes another HH on the 1H timeframe, feel free to hold it.
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