The pair we are seeing is the GBPJPY , from the we can see the GBPJPY has dropped from the high of 156 to the low of 140.
The 140 area has been a very strong , where buyers are placing huge Long orders to prevent the sellers dumping.
After the bounce from 140 area, we see a steady uptrend towards the current price 148 area.
We may see the Uptrend will keep going up until we hit the Supply area of 153.
A long from here with a StopLoss at 147 & TP @ 153 could be a quite attractive trade with R:R ratio of 2.75.
Here is just my analysis,dont take it as a financial advice :)
& dont forget tonight's NFP where we could see a huge movement incoming.
Happy Trading :D