GBPJPY Idea(UPDATE)

3 בפבר׳

Taking a look at GBPJPY there are two current scenario's. The first being that price just continues in it's upwards direction breaking this current level of resistance with a moderate risk to rewards ratio. The second being price pulls back deeper into the fib levels testing support once more then giving us an entry signal in the form of a candlestick pattern on the H4, H2 and H1 timeframes. Ideally the second scenario would be my go to.