scalpking
Long

GBPJPY TO THE UPSIDE PENDING..

FX:GBPJPY   British Pound/Japanese Yen
GBPJPY             H4

Same concept as GBPAUD             but over here we are waiting for a clear movement of the pair itself. The H4 previous candle printed a long upperwick/shadow, showing some strength of the bears. We COULD see a drop below to the TL and bounce from there then it starts to head up. Right now, to be safe, wait for the bounce of the TL or wait for a bullish candle to print then place an order. TP would be at the most touched S/R. In this case it is at the H4 Resistance at 142.130

If it ends up breaking the TL , we will be placing a sell on the pair.
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