GBPJPY has formed strong liquidity candle!

8月12日

GBPJPY 1h is forming another strong liquidity candle after strong breakout from the resistance, retest, it is currently bouncing off the level. As there is high impact news coming on GBP we could see potential 38.2% fib leve retest on the weekly timeframe. as the global trend is up, it may continue to rise to the upside to monthly resistance level.
A buy trade is high probable.