FX:GBPJPY   British Pound/Japanese Yen
Hi all,

Here is our thoughts on GBPJPY: - Long

Reasoning:
Daily
  • Overall biased is still bullish - 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)
  • RSI (14) 58 and CCI (20) 74 = Buyers territory
  • Bullish 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?

Much Love,
MovingwFX
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