GBPJPY H1 Chart Analysis

GBPJPY Daily is an uptrend therefore it best to only look for buys. When we follow the trend, the probability of the trade is always higher. GBPJPY rejected off from the daily support trend zone and moving up steadily. GBPJPY has also broken out of the daily resistance and given a good retest to move higher.

GBPJPY H1 : Price is at a key support trend zone but I am not taking buys yet because we have strong seller momentum and huge bearish candlesticks. I will be waiting for price to break out of the short term downtrend, and waiting for proper confirmations I will look for buys.