cyanfrog
Long

GBPJPY price action retrace

FX:GBPJPY   British Pound / Japanese Yen
Pretty good setup. Fibo 62% retrace + pinbar + bullish engulfing + 365 MA and 'semi' weekly S1 bouce. If you decide to take this trade wait for daily pin to close and wait for its high to be broken by at least 5 pips. First target would be 178.8, second 181.4.
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