After yesterday's BOE decision to keep interest rates the same GBP has fallen across several GBP pairs
Can we see a pull back and further decline of the Pound vs the Yen?
Keep a close eye for bearish candle patterns around this region
Look at the confluence of Support, Daily Support Area, Trendline Support and 38.2% Fibonnaci Level lined up perfectly.
Stop Loss is placed 15 pips below the next retracement level
Take Profit is placed at the extension level -27%
Check Stocastic on Daily, H4 and H1, all were oversold at this point!
Perfect Buy Opportunity here!
Series of conflence here, Stocastic is about to Over-Sell and we have the daily pivot and 38 level Fib retracement acting as support @ the 124.8675 region, looking enter a long position IF the Stocastic goes into the oversell region