SmartTradingFX

GBPJPY: Potential 2618 Long Opportunity

Long
FX:GBPJPY   British Pound / Japanese Yen
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4
Here we have a potential 2618 Long opportunity.

If you look at price action, it came down to test previous structure going oversold on the RSI , pushed off of this level then came back to retest forming a Double Bottom , also showing Bullish Divergence on the RSI . Price then broke above putting in a new structure high so I am now looking at a retracement into the 0.618 for a potential Long.

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