The impulse to the upside on GBPJPY has been going on for some time and congrats to those that have been in the move. But as you know after and impulse there is always a correction to at least the 0.382 of the Fibonacci retracement which can ben seen on the weekly chart. Since the current bearish candle on the weekly has respected the high of the previous bullish candle, the market
in the short run could be retesting the 0.382 on the fib which lines with previous structure. waiting for confirmation on the daily time frame to take a nice short on this pair.
What are your thoughts on this pair?
What are your thoughts on this pair?