As we can see, GBPJPY brokeout from its resistance area (red area) followed by a nice retest and bullish movement upwards. I will be looking to see GBPJPY testing 23.6 fib level where we can see a short price rejection followed by a continuation bullish to the trend resistance line. Also, there will be a resistance level @ 138.65 where I believe price will travel till that level and I will update again once we see a nice rejection or breakout. As for now, I will be trading the BULLISH movement up. TP and SL provided as shown in chart.
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Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!