On the 4 hours time frame, there was retracing at the 0.5 Fibo-Level. Therefore, an upward movement of the price is expected here. The Stochastic also confirms that. Please, like share and follow.
I think the chart is clear enough to say what the next action of the pair would be. LIKE SHARE
Take the little profit from going short. Thank me later.
The GBPJPY will continue on the downtrend for now. The Current Account update by the Office for National Statistics on Monday will determine the new move fro the currency pair. TP: 130.400