Can We See A Push To The Upside? GBPJPY ANALYSIS

GJ with a move to the upside?

On the Daily timeframe, GJ is printing higher highs and higher lows. Last week we seen major rejection at a daily key level of 140.00 which later melted price down to a daily quarter key level of 138.25

It is now the start of a new week (08/25/2020) and we possibly can see a push to the upside. With price currently at 138.553 at 7:57 PM EST, we could see GJ reach yesterday’s high of 139.00 (08/24/2020) which was followed up with a strong rejection to the downside.GBPJPY

GJ is currently in a bullish discount zone of 32.8% on a Daily Fib Retracement
The metrics are:
Swing Low - 135.140
Swing High - 140.213

The 50 MA and 8 EMA have crossed to the upside on a 15 Minute Timeframe and price has closed above the prior consolidation. Let’s see where this goes!