Get started
Investroy

GBP/JPY, bouncing off the local support

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Investroy  
FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance Supply and Demand Fibonacci GBPJPY priceaction forextrading investroy
15
6
supportandresistance supplyanddemand fibonacci gbpjpy priceaction forextrading investroy
As it can be inferred from the chart, the price has nicely bounced off the level of major support. We are now looking forward to opening BUY positions and aiming for the area indicated on the chart which aligns with 61.8% Fibonacci level.

Related Ideas

Investroy
GBP/JPY: it does not get any more simple than this
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.