GBP/JPY --TO RETEST 126.50 NEAR TERM ??

The on-going strengthening of Yen , and the imminent weak Gbp near term may turn this currency pair to be the Star of FX 




H4 with longer term view 

H4 CHART

Daily Chart 

weekly chart 

Technical Analysis and trading Strategy


On H4, breaking 132.20 (Support 1 on H4) shall expose 131.92, (Support 2), also the (100.0 Fibo on H4).,,  FOLLOWS BY 131.39 being the support 3 on H4 CHART.
NOTE: 130.80 is the July low on 22-July 2020.


126.57 level is the   161.80 Fibo Extension on Daily Chart.


SELL Down this pair on any PULL BACK and to expect its next tp below 130.00 REGION near term, having the  possibility of further SOUTH thereafter to be below 126.00 .