Since yesterday, Yen has weaken a lot, thanks to Japanese government additional stimulation package.

Thus I am looking for another Long opportunity with GBPJPY pais.

 

After making a Double Top at 187.50, the price has declined a bit.

As always, the next buy zone will be somewhere between Fib38.2-61.8%.

Please note Fib38.2 is at DPP, Fib50 is at Support & Fib61.8% is at WPP.

All of them are interesting!

Hope this analysis helps you build up your own.

 

YJ Baik – Forex.Today