BUY GBPJPY @160.500
Stop loss @ 159.500
Target 1: 168.990
Target2: 180.300
Target3: 188.500
We clearly see the completion of A,B, C correction wave on daily timeframe, on a flag pattern and inverse hammer on the H4 timeframe in the confluence area of Fibo retracement level of 50.0%. We’ve a possible bullish bar confirmation on the H4 timeframe; in this trading week I’m anticipating the upside break of the Flag pattern.
Stop loss @ 159.500
Target 1: 168.990
Target2: 180.300
Target3: 188.500
We clearly see the completion of A,B, C correction wave on daily timeframe, on a flag pattern and inverse hammer on the H4 timeframe in the confluence area of Fibo retracement level of 50.0%. We’ve a possible bullish bar confirmation on the H4 timeframe; in this trading week I’m anticipating the upside break of the Flag pattern.