GBP/JPY makes remarkable recovery, key S/R levels

Hello traders, after declining to 190 level, GBP/JPY has staged a remarkable comeback. The support level on the 4Hour chart has held and GBP/JPY is currently up 170 pips from the lows.

So, congrats to all those who managed to buy the dip in GBP/JPY. Currently, the next Resistance level lies at 192.96 level followed by 193.55

Based on the price action, it seems like GBP/JPY will continue to go up. So my strategt would be to buy the dips in GBP/JPY

Kommentar:

Price is continuously moving up as mentioned earlier

Kommentar:

Price has moved 110 pips since I posted this long idea

Trade geschlossen: Ziel wurde erreicht:

GJ reached the target as predicted