FX:GBPJPY   British Pound / Japanese Yen
65 1
Price Action
Dec 18
Comment: Swing Trade Opportunity with Great Risk:Reward


Great idea on GBPJPY, glad that we have the same bullish view. For our set up, we have identified key resistance and support levels. Price is approaching support at 141.12, which is made up of a 61.8% Fibonacci extension and a horizontal swing low support. Should price bounce off this level, it might potentially go up to the major resistance level at 143.59, which is made up of a 100% Fibonacci extension and a 50% Fibonacci retracement. Please take a look at our idea and let us know what you think.

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