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CurrencyFairyFX

2021.01.19 GBPJPY Fundamental + Technical Analysis Practice Buy

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
CurrencyFairyFX Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Fundamental Analysis practice daytrade
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trendanalysis fundamental practice daytrade
Overall Trend showing bearish after defending current bullish trend @ 142.000 level.

Price retraces @ 140.400 (current support) to meet the mid level zone.

Temporary retracement from the support to the mid zone driven by the COVID19 news in Japan, expecting to bring the price up to the nearest level of 141.300 level.

1:1.51 risk reward

17 pips to 11.5 pips.
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