Price pulled back to 38.2-50% fib, previous 4hr support and 50MA. A good R:R setup
GBPJPY Short * Broken ascending channel on hourly and now retesting * Pull back to 61.8% fib and previous structure * Testing 50MA on hourly * A good 3:1 R:R opportunity 2 Targets: Short term - 167.10 Long term - 165.30 (With Caution as NFP on Friday)