GBPJPY currently consolidating

FX:GBPJPY   British Pound / Japanese Yen
* NEW TRADER any tips or comments would be much appreciated!*
GJ is in a uptrend in the daily chart but is currently going through some consolidation on hourly. If it breaks the trend-line then I will be looking for a longer term sell, still have to see a pullback. If it hits the light blue mark, that could be a short opportunity for a buy(would set the take profit close to the resistance). Will have to keep up with the market to see where it's going.


The pair is correlated with global stock markets indices, especially the JPN225 and US indices, the pair is negative for the week, you may look at this link
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