ForexKei-Official

GBPJPY under temporary retracement by Ichimoku

Long
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY Daily chart shows the market is under retracement as below Ichimoku confirmations.

- Kumo (Senko span B) flat)
- Kijun sen flat

However the market is still in bullish momentum as below.

- Thick bullish Kumo
- Tenkan sen is still up
- Chiko span above the candles

Below is the next possible scenarios.

1. If market will be supported by the trend line, it could break the previous Doji high and reach up to 153.00.
2. If market breaks the support line and Tenkan sen, it could go down back to Kijun sen at 148.1 level.
Comment:
Below is the video about the analysis.
youtu.be/D84aSoBpuxk

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