Here is our thoughts on GBPJPY: - Long
- Overall biased is still - Price is above EMAs 50 & 200
- Rejection at key zone @ 193 = 0.236 retracement on Fib
- EMAs 8 and 21 crossover on daily and price pull back to EMAs 8 and 21 zone (entry for long)
- (14) 58 and (20) 74 = Buyers territory
- reversal candle on 4hour
Note: This is just our thoughts on the market. Do not take this as signal.
What are your thoughts on GBPJPY?