We buy this pair because there is a strong support level below. The entry and exit levels have been shown on the chart. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Wish you more success.
After a full day of strengthening, a correction is expected on the GBP/JPY chart.
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Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (132.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
