GBPJPY was totaly exhausted trying to go further down, so what I expect from GJ this week is defitinitely uptrend movement.
Important Supply area with daily resistance is important and major area to break. Daily trendline is also major resistance, which will try to hold GJ in downtrend.
After breaking trendline + resistance area, i will be looking for buy opportunities same as on USDJPY (on UJ i expect bigger pullback before move up than on GJ)
Don't forget to trade with proper RM/MM and caution. Good luck traders! Wish ya profitable week
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potential area for GJ to go up
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We saw a lot of mess on H4/H1 and lower timeframes
But we can see nice first opportunity to long GJ on break this trendline
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We can see that support held GJ well! From now we can see nice uptrend! more after breaking major downtrend trendline.