I'm seeing lots of consolidation and rejections around 147.80 level.
Daily market structure is bullish, with higher highs and higher lows. Long position tight stop up to the next price zone.
FX:GBPJPY
H1 and H4 price zones highlighted with the daily chart showing an uptrend. Indicators are in line and support the bullish trend.
If I get a rejection around 147.80 then I'll look to buy GBPJPY again.
Anything lower than 146.746 and I'll see that as a break in market structure and then I'll look to short.
At this moment in time. Neutral on GJ