GBPJPY had an impressive Bullish Run when price bounced off 78.60% fib in a daily time-frame also 147.600.. Currently Price is directly under 149.000 which happens to also be a rejection on the 14 ema in the daily time-frame. If the daily candle doesn’t close above 149.000 find sell signals in a lower time-frame and target few pips .
In the case where price closes above 149.000 in a daily time-frame, switch to a smaller time-frame( 15 mins ) and find buy signals and target few pips.
As you know we don’t trade on Mondays, so we patiently waiting to see how the daily candle will close.
Daily TimeFrame just confirmed a bearish signal and currently price seems to be in consolidation box.
P A T I E N C E
In the case where price closes above 149.000 in a daily time-frame, switch to a smaller time-frame( 15 mins ) and find buy signals and target few pips.
As you know we don’t trade on Mondays, so we patiently waiting to see how the daily candle will close.
Daily TimeFrame just confirmed a bearish signal and currently price seems to be in consolidation box.
P A T I E N C E