As can be seen, last week on the 1W timeframe, GBPJPY
already retest the 150.00 key level and bounce from the parallel channel
. On 1D, we can see a huge morning star
formation from 150.00 support zone
. Now I personally expect GBPJPY
to form a new high, the target could be around 155.000 level. A break and close above 152.500 on 4H timeframe could be a signal for me to execute the trade. Let's see.