GbpJpy- 153.50-154.00 is my buy zone
After it has reached a high at 158, GbpJpy has started to drop but let's not be fooled, this is just a correction to the recent leg up.
Also, the overall trend is strongly bullish so, the safer way to trade is on the buy side.
From the technical point of view, between 154 and 153 there are a lot of indications of support including horizontal support and Fibo 50%
That being said, i will look for buy signals in that zone with a target around 160
Also, the overall trend is strongly bullish so, the safer way to trade is on the buy side.
From the technical point of view, between 154 and 153 there are a lot of indications of support including horizontal support and Fibo 50%
That being said, i will look for buy signals in that zone with a target around 160
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