GBP/JPY Long-Term Trend: Bullish
Key Resistance Levels: 153.297, 153.860, 154.000.
Key Support Levels: 152.144, 151.510, 151.000.
The price on the higher time frame is in a clear higher highs and lows where it posted a correction count around the 151.510 JPY mark with long wicks to the downside. The market succeeded to break the 152.144 JPY level and we expect a further movement to the upside.
GBP/JPY Medium-Term Trend: Bullish
On the lower time frame, the price managed to break the bullish flag formation to the upside after finding buyers around the 61.80 % Fibonacci retracement level. a lower correction could be seen to the highlighted before a new bullish impulsive wave toward the target profit.
Buy Limit Order @ 152.173
TP 1 @ 153.272
TP 2 @ 153.860
Stop Loss @ 151.737
Trade Safely 🙂