Forex Trading Ideas: GBP/JPY Rallies Up!

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Jason
“If You Don’t Take It – The Market Will!”

 

The GBP/JPY had a bullish ‘Hidden Divergence Trade Setup’ last week in the Forex Market. Giving Forex traders between 250 pips and five hundred pips. Depending what your entry price was.

However, using the ‘Fibonacci Measuring Tool.’ We saw price bounce of the 38.2% Fibonacci level. Then it ran up through the 0.00%.  We have strong major support at 1.4250. And resistance at 1.4640

Hidden Bullish Divergence…
Fibonacci… Bouncing off the 38.2 level.