GBPJPY can look for the 0.5 Fib 🦐

GBPJPY after our previous calls reached the 168 level providing us an almost 4% run since our first call.
The price after such a string impulse reached the supply zone and might look for some retracement.

How can i approach this scenario?

Currently, the market is trading above a support area and if the price will break below i will check for a nice short order according to the Plancton's strategy rules.

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Follow the Shrimp 🦐

Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.


Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.

Kommentar:

the 0.5 has been basically reached as expected!

Kommentar:

the price is targeting the 0.886 now

Kommentar:

548 pips delivered