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 :