Gbpjpy is in a rising wedge, last week there was a fakeout and price will push down strongly towards the 200 sma in h4 chart, thereis a potential shark pattern that is gonna be formed, so wait for a stronger bearish move before oepning a trade and pay attention to news, on Friday there will be the GDP of UK, it is gonna be very important and results could be worse than expected because of the strict lockdown at the end of 2020 in Britain.
Enjoy your trading and buy the yen
Enjoy your trading and buy the yen