GBPJPY bullish run continues

Key Support: 151.30
Key Resistance: 151.80 – 152.50

Long Term View
The GJ is in a massive bullish run breaking through level after level without any really deep pullback. Even though we are at the top of the move this long setup is really clean

1H Chart Analysis
The Downside here is capped by the weekly pivot and the 151.30 level of support. Right now price is trading inside a really choppy zone 151.30-151.80; this is the no trade zone.

In order to go long we need price to break with this range to have directional momentum to the upside. Buy stops are in place just for that.

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GBPJPY bullish run continues

Orlando Gutierrez

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