GbpJpy Bulls not done

- GbpJpy is still in a buy zone on the weekly charts,so i am going to wait for price to retrace before entering a buy position
- GbpJpy is currently pulling back to the 4 hour trend line. It is possible it can bounce and continue up from there. However price hasn't hit the 50lvl stochastics mark in 7 days.
- I am looking at 3 levels that price can bounce off of to return to its bullish ways. FIb lvl 23.6 (137.391), 38.2(135.890) & 61.8 ( 133.465)
- If price reaches 38.2(135.890) i will look for possible signal that price will finish is retrace and continue upside and enter a buy

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Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience
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Comentário:

- Price retracing nicely and approaching my ideal level of retracement at 135.890 where buyers can come in
- price is currently resting on the 200MA on the hourly chart, so we will be looking at what price does at this particular level.
- waiting for price signal to enter a buy