GBPJPY: Are Sellers Done?

7 ต.ค.

My bias for GJ is still Bullish so I'm looking to buy after the pullback. Price retraced to fill the imbalance and was rejected at the 38.2 fib. I would like to see a deeper retracement down to the discount fib levels.

50 fib (192.68)
62 fib (192)

The 62 fib also has a bullish OB confluence. It is possible that price can push up from our first target at 193.75. Let's be patient and wait for our Bullish confirmations.