GBPJPY: Looking for long

15 нояб. 2020 г.

Based on the 4H time frame, the price had entered the fib area between 0.5 and 0.618 after retracing from the previous higher high, thus tested the previous resistance as a new support and forming a new higher low. Go for long, target profit around the previous high and stop loss slightly below the newly form higher low.