GBP/JPY recently tested a key support level on the D1 timeframe.
Technicals from our live trading charts show that indicators are displaying a short overall on the D1 timeframe (however are becomming quite neutral).
What others are predicting
We see other traders’ analysis on the live trading charts, that show:
Here are my thoughts!
As long as price does not break and hold below the previous major support area, then we are golden for a long entry. I will be entering my positions at the opening of the trading week.
Our target range for the long entry is: 139.615 – 142.880
Cheers to another successful week!