Here is an analysis on GBP/JPY
Currently @ 153.600
We expect the pair to retrace to at least 152.9 which is the 38.2% Fib Ret. before continuing its bullish trend
If the pair falls below 152.9 we'd expect it to test 152.2 and treat this level as support.
The pair is still bullish @ the moment, a bearish move will be confirmed if pair breaks & trade below trendline
Currently @ 153.600
We expect the pair to retrace to at least 152.9 which is the 38.2% Fib Ret. before continuing its bullish trend
If the pair falls below 152.9 we'd expect it to test 152.2 and treat this level as support.
The pair is still bullish @ the moment, a bearish move will be confirmed if pair breaks & trade below trendline