GBPJPY LONG

26 Mar 2020

Going long on GBPJPY as the new uptrend is about to have its 3rd touch of the trend line which shows confluence with the 50%% Fibonacci retracement . The aim will be to take profit at the 144% extension as this sits just below the nearest resistance line. I entered this trade a tad late at a higher price. expecting a bounce off the trend line (if it hasnt done so already) to hit my target)