This pair is in an uptrend on weekly chart so long positions are favorable if you are a trend trader.

gbpjpy-w

Yesterday candle closed above 185.00 resistance.

gbpjpy-d

I want to see now a little bigger up move up from resistance, now support and then a retest of it and then look for long entry. If this will happen price will break upper Bollinger band and also 55 EMA on daily chart. 55 EMA could then act as a support so be prepared on that scenario.

Tomorrow in UK there is Retail Sales m/m news, in Japan there is no major red news.

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