GBPJPY 175.000 Q4 Target From 162.500, +1,250 PIPS
175.000 Target by end of Q4 for GBPJPY , Monthly, Weekly, Daily bullish market structure.
Weekly / Daily fib completion at 175.500
Anticipating spike of previous weekly lows at the start of the week (163.046) for liquidity.
We have a bearish fib completion at 163.200 but single candlestick analysis on the daily showing Lower Lows and Lower Highs, anticipating the bullish shift in structure at the daily order block in line with the 78.6% fibonacci retracement at 162.390.
Will wait for shift in market structure on lower timeframes once 162.500 is met.
Weekly / Daily fib completion at 175.500
Anticipating spike of previous weekly lows at the start of the week (163.046) for liquidity.
We have a bearish fib completion at 163.200 but single candlestick analysis on the daily showing Lower Lows and Lower Highs, anticipating the bullish shift in structure at the daily order block in line with the 78.6% fibonacci retracement at 162.390.
Will wait for shift in market structure on lower timeframes once 162.500 is met.