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DIONNG

GBPJPY - TRADE IDEA - LOOKING FOR TEST OF HIGHS AGAIN

British Pound / Japanese Yen (FX:GBPJPY)  
DIONNG Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis
3
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trendanalysis chartpattern beyondta
Traders, after a week of consolidation this pair broke out of the range and made a higher high. We are looking at targeting the 78% Fib. level and/or support around the 183.65/183.40 price for a BUY.
If price breaks below 183.40 support and there is momentum to the downside, wait for retest of the level break and SELL. Next major demand level is at 181.50.

Happy trading, Dionng


Comment:
Traders, price bounced of the 61% Fib. Level since I published this(184.05) and proceeded to go higher breaking 185.00. Looks like it will eventually get to the high price of 186.75.
Standard play here. Made a new high, liquidity sweep lower level(higher low), take off.
Comment:
UPDATE
snapshot
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