Gbp/Jpy

Gbp/Jpy - We are at a major monthly supply zone so I expect a lot of bearish momentum next week . The last two daily candles closed very bearish so you can expect a deeper pullback . Yes , on the daily timeframe we are still making higher highs and higher lows but I will look for buys when it reaches at least the trend line or structure shifts bullish on the h4 timeframe . I'm aware that we are on a monthly/weekly supply zone and the daily structure can potentially shift bearish . You guys can follow this pair next week and see how it plays out .

Daily :

Monthly :