GBPJPY TECHNICAL ANALYSIS OUTLOOK

21 May 2023

Good day, traders. To close the fair value gap (FVG) within that zone, we anticipate a drop to the 0.382 (170.734) or 0.5(170.184) fib retracement level. For a potential buy entry, we would be on the lookout for bullish confirmation from that zone, with targets of 172.50 as our first take profit and the 175.00 Zone as our second.