Trader_97

POUND/YEN FINDS SUPPORT UNDER 161% FIB EXT

FX:GBPJPY   British Pound/Japanese Yen
76 0 2
Here are a few breakout scenarios that might play out on GBP/JPY             .... Since the price found support around 161.8% area there is a chance we could see a sharp correction to the upside before further continuation to the downside on this pair.Right now 128.44-48 is a key support level .Above it a move back up into 132.40 and 133.08 is possible. A break and close above T.L resistance from 24th of June might result in continuation higher and A close back under 128.40 could put the pair in some serious pressure and force more decline and post fresh lows in the beginning of July
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