GBP-JPY Updated chart thoughts - Possible long entry nearing

13 mars 2020

Although price yesterday came down and touched the 1st line area which was the 78.6% line, and right on the point and bounced quickly off of that, i'm not convinced enough to open that long trade just yet, as i feel we may have lower to go here. I have shown an orange line down at the 128 zone as a possible area of interest for me. It will just be a matter of wait and see how this plays out over the coming days.

16 mars 2020

Note

see updated chart dated 16.03.20. don't refer to this chart any further