GbpJpy- new leg up on short term?The medium-term trend for GbpJpy is clearly down with the pair dropping almost 1000 pips from the beginning of the month...
However, it seems that this fall has stopped for the moment and the pair has found support just above 133 zone.
A short term buy with a target of 135.50 could be a good choice for scalpers
Gbpjpybuy
GBPJPY uptrend is likely to continue but be carefulIt looks like GBPJPY's uptrend will continue. However, buyers must be careful and watch the 138 area. The price must stay above 137.80 level, which is the confluence of the 100H EMA and the support level.
If price stays above the support level, then we can expect a continuation of the uptrend to 139.20 level.
I have already bought at 137.85 and currently holding this trade.