Hi traders

GBPJPY:

The pair has tested 150.4 level . The pair is posting some technical rebounds a strong is resistance at 150.4 level A strong support base has formed at 148.90, and is expected to limit any downside.
If it breaks below 148.9 next support level is at 148.3.
As you can see at H4 and H1 time frame this pair is in channel trading that's why
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 break 150.4 level this week.
I open buy order on GBPJYP.

Good luck trading
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