Where will GBPJPY go next ?, 4hr

We have not had a clear direction for the pair since the big fall. We have been consolidating. But now we have crossed the major resistance at 193,510 and made it a solid support which means we can depend on that level for our next prediction on the direction.

Currently we a looking at an uptrend meaning that we are looking at buying opportunities but only if the pair gets enough momentum to cross the resistance at 195,445. A break above and retest will confirm the buying opportunities for the rest of the week. While a break below the support at 193,510 will a signal foe a change in direction and will be our selling setup.

But so far our main trade will be a buy.