Hi traders
GBP/JPY:



From the 4-hour chart, we can see clearly that the GBP/JPY pair is moving in a bullish bias.
GBP/JPY remains on the upside for 149.99 resistance. Break there will add more credence to the larger bullish case and target 153.84 resistance next. On the downside, If it breaks below 147.063 minor support will argue that next support level is at 143.76 might be finished and turn bias back to the downside. Good strategy will be to buy GBP/JPY on dips. This will be the small picture.
I reccomend to look for buy opportunities with 80 pips tp for daily or 250 pips tp for weekly.
I am bullish on GBPJPY I believe this pair could go to 152 level this week.
I already open buy order on GBP/JPY.

In the bigger picture, no change in the view that decline from 156.59 is a corrective move. In case of another fall, strong support should be seen above 139.29 cluster support to contain downside and bring rebound. Meanwhile, break of 153.84 should confirm that the correction is completed and target 156.59 and above to resume the medium term up trend.
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