GBPJPY. Uptrend to be confirmed

GBPJPY is coming back from the historical minimums and now is placed not too far away from an important resistance point.

Once the pair passes and secures 163-165 zone, it´s a strong buy. The BOJ next week can give us a hint on whether JPY depreciation will continue and, also, Brexit Referendum in June is an important point of attention.

Comment:

If I were asked, I´d say 50% Fibo matters (chart below). Was a good idea to enter there but I´d like to check on how the asians will wake up on Monday.

If they wake up well, may be a good buying opportunity!