GBPJPY can look for the 0.5 Fib 🦐

22 Nis 2022

GBPJPY after our previous calls reached the 168 level providing us an almost 4% run since our first call.
The price after such a string impulse reached the supply zone and might look for some retracement.

How can i approach this scenario?

Currently, the market is trading above a support area and if the price will break below i will check for a nice short order according to the Plancton's strategy rules.

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Follow the Shrimp 🦐

Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.


Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.

22 Nis 2022

Not

the 0.5 has been basically reached as expected!

25 Nis 2022

Not

the price is targeting the 0.886 now

26 Nis 2022

Not

548 pips delivered