GBPJPY. 148 inevitable we will see what happens after.We should see the pound yen find short term relief this coming week to retest the 148 levels after which we will and see which side finds more conviction as the bears and bulls wrestle for this extremely important price level.
BULL CASE
I think it is slightly more likely that the bulls try and push the price back to the 152 area.
BEAR CASE
However, if the bears find more conviction, we should see resistance near the 149.5 level before breaking down to test the 144 to 145 levels
