GBPJPY ended the day above EMA 50 and EMA 100 of H4 Chart Time Frame. Dragon reversed from the trendline support. The midterm trend is bullish.

Fibonacci 61.8 and MM 6/8 is located at 147.600. Break below 147.600 will carry the price 148.400 of MM 6/8 Major resistance.

The second resistance is at 147.750 – EMA 200-

We have two closed trades which generated 240 pips. Our Trade idea is :

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GBPJPY-H4-CHART

Source: http://chartreaderpro.com/gbpjpy-technical-analysis-trade-idea-3/

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