GBP/JPY looking to gain momentum at 143.20

GBP/JPY looking to gain momentum at 143.20

GBP/JPY has started to correct its structure from 147.77 and it’s currently facing a strong support around 144.29, at which is located the Fibonacci retracement zone of 38.2%. Overall, the pair needs to do another leg lower to extend the correction towards the 50% Fibonacci area and then it could gain momentum to ride the bullish structure.

If GBP/JPY does a rebound above 143.21, it could travel towards the -23.6% Fibonacci retracement level at 149.92. RSI indicator is reaching oversold territory, calling for more upside in the short-term.

GBPJPYH4.png

Similar

EUR/USD: bullish wave [iii]

There's a pullback from 4/8 MM Level, so the price is rising. It's likely that we're going to have bullish wave...

Popular

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later