Zak_MoneySteps
Long

Bounce off Trendline. GJ Headed for New High.

FX:GBPJPY   British Pound / Japanese Yen
Pair closed about major level 147.50 and retested area and formed new highs.
Has retested the trendline (BLUE) which is also a major level and is headed to close above 147.50 on the daily and the 4 hour.
Monthly key level, uptrend line and 61.8 fib confluence.
With the MA crossover we should see the pair start a bullish move to 156.50 to test for new highs.
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EXPECTING to see the pair bounce bearish off the weekly level to attract sellers into the market, and will be looking to enter more aggressively around 146.
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