RealistFX

GBPJPY - WEEKLY OUTLOOK

FX:GBPJPY   British Pound / Japanese Yen
Technical:
Daily structure Higher High's & Higher Lows
4hr Descending Channel
Weekly Fib
4hr Fib
4hr 800ema
1hr minor ascending trendline
Weekly support in red
Daily resistance in grey
4hr support in purple
4hr resistance in purple

Buy Entry: Target - Daily resistance & 23.6% 4hr Fib
Break of descending channel
Break of 4hr resistance
Further Buys: Target 61.8% 4hr Fib for usual pullback
Break of 4hr 23.6% Fib
Break of daily resistance
Break of 800ema 4hr
Break of weekly 38.2% Fib

Sell Entry: Target weekly support at the 23.6% weekly fib
Break of ascending trendline
Confirmation of descending channel
Break of 4hr support
Break of previous lows at the 0% Fib

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