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Medjan

GBPJPY - Strong Support ahead!

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Medjan  
FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance Trend Lines Fibonacci
11
0
supportandresistance trendline fibonacci
GBPJPY could be ready for a bounce.

The green marked zone includes a strong Horizontal Support, a possible Trendline Support, a 50% Retracement and Yearly and Monthly Pivots.

The zone has already been touched, but a second, deeper touch of the Trendline would give us a better Risk:Reward-Ratio.
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