From Daily time frame the GBPJPY Pair has bouncing off fibonacci retracement price level from the low of January 3rd 2019 at 131.04, The pair has been making a higher highs price movement all respecting the fibonacci price level. from the chart the Monday bullish candlestick bounce off 23.6% fibo level at the same time respecting 50EMA in the direction of the trend. Currently today candlestick trending bullish confirming bullish setup, I see a move of the price hitting 147.64 resistance then 149.43
Bias: BUY at CURRENT PRICE 146.59 SL 144.82
Bias: BUY at CURRENT PRICE 146.59 SL 144.82
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