GBP/JPY
Hello everyone,
A good opportunity has been detected on the GBP/JPY pair.
After strong upward movement on the GBP/JPY, the price
found resistance on a 161.8% Fibonacci extension level, pulled
back and is currently correcting to the downside.
We are expecting the price to reach approximately the 137.85
price level, where we have a 38.2% Fibonacci retracement level,
a strong support point, as well as an upward trendline.
A good opportunity has been detected on the GBP/JPY pair.
After strong upward movement on the GBP/JPY, the price
found resistance on a 161.8% Fibonacci extension level, pulled
back and is currently correcting to the downside.
We are expecting the price to reach approximately the 137.85
price level, where we have a 38.2% Fibonacci retracement level,
a strong support point, as well as an upward trendline.
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.