Breakdown of GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
Morning everyone,

Hope you've all had a great Christmas and ready for the year ahead!

Little break down of what I'm expecting on GBPJPY , you can clearly see that price reacts from this level of 141.232. If you add that line in your chart you'll see that further back that this level is strong.

From this and from the stochastic showing us that price is beginning to become overbought, we should again see price react from this level giving us the chance to join in on the sells of this pair. Sell limit in place, let's see how it pans out.