Looking at the charts, the market has come to find yearly lows for the XXX/JPY crosses in the most recent weeks, with most pairs having pulled back away from the lows. I.e NZDJPY & AUDJPY, and could be an indicative move from the other crosses. GBPJPY, has found some support at 135.170, around the area the flash crash closed above, which begs the question of currently trading in a demand zone. Price over history has bounced off this level and pushed back above 140. I am of the opinion GBP is due for a correction, as you will note in my other post on GBPUSD. Which is also showing the potential for an upside move. Wait and watch. Targets are as per the chart. DM or comment if you have any questions.
Remember Pippin' ain't easy, so watch your Risk Management
Remember Pippin' ain't easy, so watch your Risk Management
