tradethenut
Long

BUY GBPJPY 155-154 to 160+

FX:GBPJPY   British Pound/Japanese Yen
After pushing down to 155 area last Friday, GBPJPY             is ready for a more decisive uptick in May for GBJPY toward 162-163 area. As said before, the year 2016 is mainly down trend toward 140, but this month of May is an uptick month trade. Early reasonable buy is from current buy 155 - 154. Best Buy             is from 153 . I am Absolutely certain about this Buy area to win at least few hundred pips, where target for the month initially is 158-159 that can push all the way back to 163 after gaining more momentum.
If initial target 157-158 can not be passed beyond this month, then GBPJPY will turn sideway toward downside of 148 from 157-158 in May , in which June will become the decisive uptick from 148-147 back to 159-160. This is a slight modification on analysis with regard to decisive uptick as GBPJPY is at 156.20 at the moment.
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