GBP/JPY rises on the horizon💷💴

💷💴GBP/JPY rises on the horizon

💷💴The same as for EUR/JPY

💷💴It looks like the Pound will follow the Euro's path and also start a journey northwards.

💷💴All thanks to the defence of the support zone and a strong reaction towards the north.

💷💴The support zone was determined by the fibo level of 0.618 of the entire downward wave from the 2015 peak to the covid bottom

💷💴There are two resistance zones ahead.

💷💴The first based on the 0.382 level of the entire downward wave from the 2007 peak to the 2011 bottom. The second based on the 0.786 level of the same wave as the support zone.

💷💴The scenario I'm playing out is a continuation of growth, not excluding a reaction at the first resistance zone with a target at new peaks. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💷💴*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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