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Roy_Preferforex

GBPJPY Analysis of PreferForex

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
Roy_Preferforex  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Wave Analysis Beyond Technical Analysis smartmoneyconcept smartmoneytrading smctrading gbpjpylong priceactionanalysis price-action
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trendanalysis waveanalysis beyondta smartmoneyconcept smartmoneytrading smctrading gbpjpylong priceactionanalysis price-action
GBPJPY is currently following a bullish market structure and is now retracing to the downside, targeting the point of interest (POI). There are some imbalances at the bottom of the recent trading that the price needs to mitigate.
Expect a bullish continuation when the price touches the POI. The target of the bullish movement will be the recent swing high.
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