I believe that the GBPJPY price might initially break the ascending trendline. There are several areas of uncertainty, with FVG to be filled on both sides. I am also providing you with the Fibonacci retracement levels. Please be cautious of the well-regarded 0.50 level on this pair.
The ongoing developments concerning China are negatively affecting market sentiment, with the Chinese Yuan approaching its lowest levels since 2007. In response, Chinese authorities have taken steps to restore confidence by setting a reference rate for the Yuan that is stronger than anticipated. Additionally, they have infused the financial system with the largest amount of cash since February in order to promote stability.
♻ JPY remain bullish ♻
My goal is 185.370
The ongoing developments concerning China are negatively affecting market sentiment, with the Chinese Yuan approaching its lowest levels since 2007. In response, Chinese authorities have taken steps to restore confidence by setting a reference rate for the Yuan that is stronger than anticipated. Additionally, they have infused the financial system with the largest amount of cash since February in order to promote stability.
♻ JPY remain bullish ♻
My goal is 185.370
Trade closed: target reached:
Nice one