The week before last week was a bullish week for the Pound, so for now it seems weaker, therefore wait before buying GBPJPY. We could see a push down to the weekly level of 135.8 which could lead us to a bullish rejection. Then the way could be open for 141.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.