GBPJPY Analysis of PreferForex
GBPJPY is currently following a bullish market structure and is now retracing to the downside, targeting the point of interest (POI). There are some imbalances at the bottom of the recent trading that the price needs to mitigate.
Expect a bullish continuation when the price touches the POI. The target of the bullish movement will be the recent swing high.
Expect a bullish continuation when the price touches the POI. The target of the bullish movement will be the recent swing high.