yitiancai

A good opportunity buy GBP/JPY?

Long
FX:GBPJPY   British Pound / Japanese Yen
If we take a look at Daily or Weekly cahrt, you can see the prive breaks the downtrend line in BOE meeting in Sep. It seems that the price holds well above that line.
If the price goes up, 38.2% Fib retracement will be the frist target. This analysis is based on the simple support and resistance
Comment: price continue to rise
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