gj3-1024x405GBP/JPY (H4): Under local resistance

Forecast: Breaking above the resistance zone 184.0000, retesting it and moving higher

Alternative Scenario: Rebounding from local resistance and retracing to support 181.2000

Comments: The pair remains in clear upward momentum

Payout: CALL @ 183.8890 à 78% return expiring at 23:30GMT

GJ_screen 24.02

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Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.