GBPJPY price 8H channel retesting?
GBPJPY After a month-long battle out/ above the 📈4H/ 8H channel, the price came back to retest it last week at around 149.000 level. It accumulated around there for a bit and now it looks BULLISH, probably re-accumulating again, before taking off.
Historically I'm aware that GBPJPY likes to respect 0.618-0.786 FIB retracement areas a lot. 👍And I'm couting on the same happening here this time as well.
I'll keeping my eyes on the SPRING/ weekend break inefficiency Area for price action, and a potential ⬆️LONG entry.
🚨Setting my alerts at around 149.900, and we'll take it from there.
Have a great rest of the week.
Historically I'm aware that GBPJPY likes to respect 0.618-0.786 FIB retracement areas a lot. 👍And I'm couting on the same happening here this time as well.
I'll keeping my eyes on the SPRING/ weekend break inefficiency Area for price action, and a potential ⬆️LONG entry.
🚨Setting my alerts at around 149.900, and we'll take it from there.
Have a great rest of the week.
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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.