GBPJPY Short Term and Long term Analysis
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.