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joe-abdallah

GBPJPY bounce? Fibonacci agrees, Japanese news to come

Long
British Pound / Japanese Yen (FX:GBPJPY)  
joe-abdallah  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Wave Analysis Fundamental Analysis GBPJPY rsi_divergence elliotwaveanalysis japan britishpound Fibonacci Retracement fundamental-analysis
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trendanalysis waveanalysis fundamental gbpjpy rsi_divergence elliotwaveanalysis japan britishpound fibonacciretracement fundamental-analysis
GBPJPY made a higher high on H4. It might end the corrective wave on 61.8% Fibonacci retracement. It can also retrace until 80% zone before bouncing again.
RSI is showing a bullish divergence signal.
I am waiting for inflation rate YoY, BoJ interest rate decision and a bullish candlestick pattern on one of the important Fib levels to confirm my entry.

Goodluck,
Joe.
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