Technical Analysis



GBPJPY is trading at daily support level. Price try to breach lower last night, but fail to close below MM2 and ended up with a Doji candle. With most of GBP pairs at daily support, I'm expecting GBP to move higher.


On hourly, price broke the trendline and trading above it. I'd eyeing somewhere between 38.2-61.8 Fib in confluence with 139 psych level as my buy zone. My 1st profit target would be 138.2 Fib level and swing target at MM4

One thought on “GBPJPY Daily Long Setup – 09th March 2017”

  1. Teboho Faro says:

    Great trade plan Joe

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