theforexportal

GBPJPY remains BULLISH

Long
FX:GBPJPY   British Pound / Japanese Yen
Above 137.15 this pair remain BULLISH. 137.15 is the DTF 200 sma . Look to BUY this pair on dips. A move down to 138.76 would present an excellent LONG trade. On the lower time frames studies look stretched so a move south to ease overbought conditions is likely at the start of the week.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.