GBP/JPY Key levels for buying +250 Pips potential
Hello traders, GBP/JPY has been sliding lower for the last few days. What's even
more interesting if the fact that price has constantly stayed below the 100-hour
moving average for quite some time now.
That being said, there is a possibility of a rebound in GBP/JPY
Traders waiting to buy, must wait for the price to break the 100-hour moving average
level with a strong bullish impulse. Subsequently, the levels to target would be
191.40, 192.26 and 193.60
more interesting if the fact that price has constantly stayed below the 100-hour
moving average for quite some time now.
That being said, there is a possibility of a rebound in GBP/JPY
Traders waiting to buy, must wait for the price to break the 100-hour moving average
level with a strong bullish impulse. Subsequently, the levels to target would be
191.40, 192.26 and 193.60
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On the flip side, if price continues to stay below the 100 hour EMA, it would slide further lower to 188
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Price has risen by 25 pips since posting the idea
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GBPJPY reaches the first target 191.40
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110 pips profit
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GBPJPY still bullish , it has broken through the resistances, next resistance at 193.60
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New set-up for GBPJPY
