Entry Price: 1.24400
TP1: 1.26400
SL: 1.23500
200Pips
Firstly at asia season GBPJPY pair indicates bullish at 4h and weekly. This pulse gives correlation with GBPUSD bullish momentum.
Then DXY came to 101.200 demand zone 3th time and there is not any bullish sign on its road from 103 to 101.
Finally GBPUSD create two nice elliot waves and reach the 1.24 price level.
If bears want to push the price to under 1.23, first they need a range bound to crash the momentum of bulls. Upside of this range bound seems 0.5 fibo level which 1.26375. You can scalp on bullish side.
Cy
TP1: 1.26400
SL: 1.23500
200Pips
Firstly at asia season GBPJPY pair indicates bullish at 4h and weekly. This pulse gives correlation with GBPUSD bullish momentum.
Then DXY came to 101.200 demand zone 3th time and there is not any bullish sign on its road from 103 to 101.
Finally GBPUSD create two nice elliot waves and reach the 1.24 price level.
If bears want to push the price to under 1.23, first they need a range bound to crash the momentum of bulls. Upside of this range bound seems 0.5 fibo level which 1.26375. You can scalp on bullish side.
Cy