GBPJPY Short Term and Long term Analysis

GBP/JPY OANDA:GBPJPY

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Price still maintains bearish bias on the long term. On the medium term we have seen the currency pair break H4 Market structure level to the Monthly key level and a quick drop back from that levelto the H4 Support Zone .

Presently a BUY opportunity has presented itself for a 120 pips target to the upside.
With the long term such as the monthly remaining bearish and price trading in a H4 bearish flag , we could see a drop from the monthly key resistance back to making a new low, where the Key Daily level is.

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