Dragon has different fundamentals than GBPUSD. The dollar is much stronger then JPY. GBPJPY offers us bigger profit opportunity than GBPUSD.
The pair is testing the Fibo 38.20% at 151.520. Tomorrow or December, with the rate hike of BoE, the real rally will start. 159.500 and 168.000 will be the targets. Buy using the pullbacks as buying opportunities we have a chance to generate 4000-5000 pips during this rally.
On the Daily chart, Cup with Handle formation has been completed. Target is 450 pips. So it confirms the Fibonacci 161.80% at 155.600.
The pair is testing the Fibo 38.20% at 151.520. Tomorrow or December, with the rate hike of BoE, the real rally will start. 159.500 and 168.000 will be the targets. Buy using the pullbacks as buying opportunities we have a chance to generate 4000-5000 pips during this rally.
On the Daily chart, Cup with Handle formation has been completed. Target is 450 pips. So it confirms the Fibonacci 161.80% at 155.600.
