Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
After experiencing a decline since October 21, 2021, GBPJPY strengthened again as indicated by the break of the bearish trend line and then experienced a slight correction which was held back by the Fibonacci ratio of 0.382 and EMA 21.
This strengthening is projected to continue at least reaching the level of 155.670, which level is a resistance area classic and can continue up to the 156,000 level which is the Fibonacci 1 extension ratio area.
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
After experiencing a decline since October 21, 2021, GBPJPY strengthened again as indicated by the break of the bearish trend line and then experienced a slight correction which was held back by the Fibonacci ratio of 0.382 and EMA 21.
This strengthening is projected to continue at least reaching the level of 155.670, which level is a resistance area classic and can continue up to the 156,000 level which is the Fibonacci 1 extension ratio area.