My bias fot GBP/JPY is strongly bullish, especially with this view on the weekly.
Last week price closed above 148.00 key level which it has previously rejected on 3 consecutive occasions. With this in mind and a strong technical strength score of +10 I firmly believe 164.00 Monthly resistance will be the next stop.
After some time within range consolidation I believe price is ready for its second push up especially with sterling being very strong across the board. for an entry opportunity I would like to see price retract this week and place some bullish candlestick rejection on the 148.00 level across lower time frames, this would give me the criteria to enter a long position however, it seems bullish momentum is very strong on the pound and it is likely price will not pullback and continue to rally up, in this case, I will sit on the sidelines and look for further, smaller scale pullbacks to offer me the entry criteria needed.