Lingrid

Lingrid | GBPJPY long from the SUPPORT level

Long
FX:GBPJPY   British Pound / Japanese Yen
The market is testing the resistance zone that was high the previous day. Obviously, all XZY/JPY pairs are extremely bullish. I think the GBPJPY will continue moving upward, retesting the resistance zone on the monthly timeframe. The price is moving the resistance zone between 194.000 and 195.000, which was formed in 2015. If the market makes a pullback and rejects the support level, we can expect bullish moves up to those levels. My goal is near the resistance at 193.000


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