-GBP/JPY has broken out of the trend lines with a Falling wedge.
-Found support @ 138.87 rejected & bounced for a retrace.
- I predicted a retraced to the broken resistance trend line following a 50% or 61.8% Fib retrace which is already taken play & I locked my sells in, now riding the wave baby.
-Long term target is to the 137.36 Support which is my D2 extension
Monthly: After GA's price has been falling bearish for quite a good while now, we have found a very strong support @ our Monthly Support 1.6000 after completing a ABCD Fib Retrament. Another confluence is how the Monthly candle of November finished with a Bullish Railroad Track.
Weekly: Price retraced from 1.6000 to the Monthly 1.7000 Res w/ a 61.8% retrace...
