As can be seen, last week on the 1W timeframe, GBPJPY already retest the 150.00 key level and bounce from the parallel channel. On 1D, we can see a huge morning star formation from 150.00 support zone. Now I personally expect GBPJPY to form a new high, the target could be around 155.000 level. A break and close above 152.500 on 4H timeframe could be a signal for me to execute the trade. Let's see.
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GBPJPY is moving
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I closed the trade at 154.00, after evening star formation. Risk/reward is around 1.8. 140 PIPs achieved