In the short term, GBPJPY looks like it will reach 139.60 area. After reaching that level, there might be some pullback or a short term reversal.
Right now, the price action still supports the buyers. If you look at the 15minute chart, you can see that Friday's end of NY Session bearish move is a temporary pullback.
So, it is quite likely that GBJPY will reach the 139.60 level. After reaching that level, if we can see some bearish price action, we can consider selling.
Right now, the price action still supports the buyers. If you look at the 15minute chart, you can see that Friday's end of NY Session bearish move is a temporary pullback.
So, it is quite likely that GBJPY will reach the 139.60 level. After reaching that level, if we can see some bearish price action, we can consider selling.