Following on from my analysis on the S&P500 and NK225, how are the Yen pairs going to perform as we head into the end of the month? Below are the scenarios for bulls and bears while taking March pivots into consideration.

GBPJPY Daily

Price is at the profit taking zone for Feb as we head into the end of the month. Resistance eyed at 151.000 and 153.000

GBPJPY H4

If you are a bear then you are selling at WPP with a target of WS2. If you are a bull then you are waiting for a break of 149.500 and planning to buy the pullback with a target of WM4/ 151.500

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