I am a short term bull on this pair..
GBP/JPY DAILY LONG
Market is flat price opened at MS2 witch marks a bulls profit taking zone and its now at the projected target MPP,therefor as a bull i am eyeing for price to pull back (138.500/138.000/137.000) for entry ,,considering that price came off the bottom of the range..
GBP/JPY H4 LONG
Market is flat but currently 21/55 are bout to cross to the up side that confirms to me that we are about to get a bullish market,price is currently on a bears profit taking zone(WR2),therefor as bull i am eyeing for a pull back then enter at(138.500/138.00/137.000)..
GBP/JPY H1 LONG
21 above 55 market is bullish price is bearish came down from DM3/ target is DM1,as a bull i am eyeing for price to pull back then i will go long around (138.500/138.00/137.500)..