louisemwesigwa

GBPJPY BREAK AND RESTEST(STRUCTURE)

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FX:GBPJPY   Британский фунт / Японская иена
hello, right now on major structure we are at point where there is divergence forming and more so we also have structure which shows that we should prepare for sells as the bulls are running low in the market. Right now, GJ is in an impulsive move and as I said yesterday we want to see it hit the 160 before then after go in for correction and continuation and hopefully close the week off bullish as we prepare for next week hopefully the bulls will take over. as GJ has been on an impulsive move to the upside on the weekly and there was to be a correction. But for now wait for a break and retest of the trendlines, look at structure and fib levels as its on -23% major fib while minor fib level is -786%
Have enough confluences before entering a trade. share your thoughts.
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