Greetings Forexia Family, lets break down the analysis on GBPJPY.
If we look at the daily chart we can see that macro up trend.
If we look at the 4HR time frame we can see that price has formed the downtrend structure.
I believe the pair has overall bullish momentum and will continue to move up completing the market structure.
As currently, it is quite obvious that the price in a downtrend momentum. and respecting the resistance, which has been formed lately. I believe the price has more potentials to go up.
PLEASE USE ANALYSIS AS GUIDE TOOL.
USE PROPER MONEY MANAGEMENT AND LOT SIZES IN YOUR TRADING.
