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Eduard

GBP/JPY Intraday

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Eduard Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern
Morning Traders!

Yesterday we saw a nice rally on the pair giving it to a supply zone. Today i am looking for a retracement of this rally at least at 50% fibonacci retracement.
Comment:
Price testing the upper channel line. Will it break or bounce?

snapshot
Comment:
Price bouncing.
snapshot
Comment:
As the price is doing lower highs, it could go lower to the next H4 support level, arround 147,850.
snapshot
Trade closed manually:
First target reached, waiting for second.
Trade closed manually:
Enough for me, market too slow these days, closed 10 pips above the target.
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