The GBP/JPY had a bullish ‘Regular Divergence Trade Setup’ this week in the Forex Market. Giving Forex traders between 100 and 120 pips. Depending what your entry price was.
However, using the ‘Fibonacci Measuring Tool.’ We saw price bounce of the 61.8% Fibonacci level. Then it crashed down to the 38.2%. And then back up to the 100.0% Fibonacci retracement level. We have strong major support at 1.3940. And resistance at 1.4170
