gencollado

GBPJPY long --- Targeting 139.450 ---

Long
gencollado Updated   
FX:GBPJPY   British Pound / Japanese Yen
GJ really loves to bounce off the 0.618 fib.

I believe this downtrend should correct upwards around 70-80 pips from here for another touch of the trendline before continuing downwards to retest the bottom of the triangle which is ultimately the 136.xxx level.
Trade closed: target reached

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.