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GBP/JPY 4-hour
Take a look at that awesome setup on GBP/JPY! The pair now faces a crucial decision as it tests the 61.8% Fibonacci retracement level and the medium-term rising trend line. Will price turn or will it finally bust through the support? If it does head higher, it will probably head to the most recent swing high at 126.00. If it heads down and closes below the rising trend line, it may fall back down to the 122.00 level.
Take a look at that awesome setup on GBP/JPY! The pair now faces a crucial decision as it tests the 61.8% Fibonacci retracement level and the medium-term rising trend line. Will price turn or will it finally bust through the support? If it does head higher, it will probably head to the most recent swing high at 126.00. If it heads down and closes below the rising trend line, it may fall back down to the 122.00 level.
