GBPJPY 1hour Analysis December 2nd, 2020

Price is at a key supply zone on the higher timeframes and the Daily timeframe has not been able to close above the key monthly zone at 139.8 handle. We are seeing an ascending triangle form on the 1h timeframe so we will wait for price to break and retest the 140.2 zone before looking long.

We could see some consolidation going into the last day of the week. Don't get chopped.