Gbpjpybuys
GBP/JPY BuysThis pair has had little in terms of high volume price movements during yesterday's London and NY session
We have since had some higher highs and higher lows forming on the 30min timeframe which has confirmed bullish indications
with this is mind, I opted to enter buys once support had formed and the London session had opened
Stop-loss set below the previous candles lower wick so that I am removed from the position should the technicals invalidate themselves
Targets are set at a significant daily resistance region
gbpjpygbpjpy today retested the doubble top as i have posted my analysis 2 days before .
reason to sell :
1. bullish trendline is broken and is retested now, coincidence is that this retest worth and for doubble top .
2. buyers are failing to make a new higher high.
3. price is showing wicks at fibonnaci level 0.718