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ArchimedesCapital

GBPJPY Short term intraday LONG opportunity.

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Paun British / Yen Jepun (FX:GBPJPY)  
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FX:GBPJPY   Paun British / Yen Jepun
Supply and Demand Fibonacci Trend Lines
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supplyanddemand fibonacci trendline
After the correct directional BIAS on GBPUSD, we unfotunately missed our entry point. We saw huge bullish sentiment being created across the board for GBP pairs, indicating further upside. After the break of the counter trendines, we hope to see a pullback to the local high that got broke, with a near FIB area on the 23% continued momentum could be expected to the supply area that would be validated due to this break of TL.
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