Long term bias on GBPJPY. Price bounced nicely off the long term uptrend and has broken and retested resistance before moving upwards. There is a much longer term downtrend the pair could hit around the 142.00 mark however for now the smaller targets are as shown.
Fundamental issues involve Brexit which may cause uncertainty and therefore iw will make SL entry fairly short into the trades.
brexitFundamental AnalysisGBPJPYLONGTrend AnalysisTrend Lines

Disclaimer