I AM A BEAR ON JPY BECAUSE OF QE BY THE BOJ AND NEUTRAL ON GBP

GBPJPY DAILY

MARKET IS BEARISH AND PRICE IS FLAT WITH PRICE JUST ABOVE MM1. SUPPORT IS AT MS2/135.5. STOCHASTIC IS OVERSOLD. IF PRICE BREAKS RESISTANCE AT MM2/138.5 I WILL LOOK FOR A HIGHER LOW ON LOWER TIME FRAMES

GBJPY H4

MARKET IS FLAT AND PRICE IS BULLISH AT WM3 WHICH IS RESISTANCE. WE HAVE SUPPORT AT 136.5, JUST BELOW WPP WITH STOC MOVING TOWARDS OVERBOUGHT

GBPJPY H1

PRICE IS AT WM3/RESISTANCE JUST BELOW DR1 AND WE HAVE SUPPORT AT DPP/136.5 WITH AN OVERBOUGHT STOC

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