GBPJPY Breakdown Analysis
Looking at the 1H chart on GBPJPY, I want to see price retrace to the 62% - 70.5% Fibonacci Retracement area, and then look for confirmation for a buy opportunity to hit the key areas ( Target areas ) highlighted on the chart. COT reports show and extreme Low for the Pound which might show smart money to go long very soon.
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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.