Socratesinc

GBPJPY - Buy (15 min)

Long
FX:GBPJPY   Livre sterling / Yen japonais
Price broke past the 137.000 level after hours of testing it, flew past the 137.200 level due to it being the weaker level, price reached 137.666 and is currently trading under the 137.500 level aka the stronger level. We expect price to retrace down near the 137.000 level and buy off that area as support giving us a perfect 79% entry for a buy.
4 hour time frame also show us that the 14 ema just crossed the 50 ema giving us indication that price will continue to rise.
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