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GBPJPY- New Trend New opportunities

OANDA:GBPJPY   英鎊 / 日圓
Welcome to TradrHq, We provide Technical Analysis for a selected currency pairs and Index

GBPJPY bottom out at (130.000) before the bull run reaching (140.000) a 1000 pips run. On the daily timeframe
we can see uptrend structure an indication that price is in an upward momentum. We are anticipating a retracement
of the new found uptrend to create a new higher low point.

But first price needs to find resistance for us to anticipate and measure a retracement. That means that the day needs to
end bearish for us to pull out the Fibonacci tool and measure a potential retracement. No targets are available right now
as we wait for a set up.


Target #1: N/A
Target #2: N/A


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