FX:GBPJPY   British Pound/Japanese Yen
132 0 1
Daily uptrend
Daily Fib retracement at 78%

4 hour downtrend with recent bounce
4 hour Fib retracement at 38%

1 hour CTL uptrend - recent wick through it. Wait for break, retest and
continuation to enter
1 hour Fib retracement at 38% which is confluent with downtrend line touch

Target 1 = o% Fib on hour = 176.460
Target 2 = Area around the Daily Fib 0%/4 hour/1 hour -27% levels which
are all confluent = roughly 175.494
Potential target 3 could be 61% on 1 hour = 174.248 - but this is dependent on future price action and fundamental news
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