MinhDucPham

GBPJPY analysis for Week 5

Short
FX:GBPJPY   British Pound / Japanese Yen
Hi traders, on weekly perspective we can see that last week GBPJPY failed to remain above 155.00 key level. Very weak bullish candle close might indicate that GJ now want to go down to find a lower high.
On daily time frame, I can see a huge shooting star candlestick that closed below the 8 EMA . We have a 0.168 Fibonacci line-up perfectly with my key level at 152.500 which could be my first target on the pair. However, this is just a short-term bearish trade. My long term bias on this pair is still quite bullish !
Comment: 152.500 archived

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