I believe that Gbp/Jpy will be moving back up soon as retracement level that is nearby is strong
On weekly chart we see a strong bounce from 23.6% Fibonacci levels from latest moves up,
this level also contains a 61.8% Fibonacci Expansion level from the latest move down
that I have drawn on the Daily chart
On the weekly chart you can see the trendlines that are holding price action up and that could act as support
for any real retracement that follows the top Gbp/Jpy has put in place now
The ste…
On weekly chart we see a strong bounce from 23.6% Fibonacci levels from latest moves up,
this level also contains a 61.8% Fibonacci Expansion level from the latest move down
that I have drawn on the Daily chart
On the weekly chart you can see the trendlines that are holding price action up and that could act as support
for any real retracement that follows the top Gbp/Jpy has put in place now
The ste…