GBPJPY daily has just crossed the EMA(50) which is a clear confirmation signal that trend will be reversing to up-trend. A retracement to 143 level will give us a good entry for long order, with SL right below the previous support line. I don't believe it will be good to buy now as Stochastic indicator is now nearing the oversold territory.
Comment:
Missed out the trade as the price didn't re-trace to EMA(50). Waiting for next retracement and it looks good for another bullish continuation.