Afridi_Fx
Long

GBPJPY 4H FRAME

OANDA:GBPJPY   GBP/JPY
131 0 9
10 days ago
GBP/JPY             found the support at 124.80 and started to rise. The pair managed to break above the descending channel and currently is trading above both 50 and 200 Moving Averages . This means that GBP/JPY             is either going to continue correcting up or could change the direction of the trend from down to up. At the same time, the pair has broken above 38.2% Fibonacci retracement level where the next upside target could be one of the next Fibs. Consider buying GBP/JPY             at the current rate (138.00), targeting either 50% (142.45) or 61.8% Fibs (146.60). Suggested stop loss is 135.10. Support: 133.12 Resistance: 138.28, 142.45, 146.62
10 days ago
Trade active

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