GBPJPY potential bullish momentum | 9th Sep 2021

We can see that price is at the horizontal overlap support level (in line with 23.6% Fibonacci retracement ) , we can expect price to bounce from that level showing a potential bullish momentum. Price is expected to be pushing to the take profit level in line with 200% Fibonacci extention. Our bullish bias is further supported by the price holding above the Ichimoku cloud indicator and the 88 EMA .


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