Hello my dear friends,
GBPJPY currently in front of resistance level and showing a bullish momentum withdrawing which suggests that prices would bounces into lower levels, thus we would target the next support level and I'm biased toward that scenario.
Of course, as with any trade we should have alternative scenario, if prices goes above the resistance level we would target the next resistance level and I would update this idea.
Good luck and to be updated...
GBPJPY currently in front of resistance level and showing a bullish momentum withdrawing which suggests that prices would bounces into lower levels, thus we would target the next support level and I'm biased toward that scenario.
Of course, as with any trade we should have alternative scenario, if prices goes above the resistance level we would target the next resistance level and I would update this idea.
Good luck and to be updated...
Didn't check the current situation of this pair lately.