GBP / JPY pair
Higher timeframes
Target development has not yet been observed. The pair continues to work in the range of the Friday candle, as a result of the conclusions and expectations. As voiced earlier, it remains relevant. The renewal of the last week's maximum extremum (153.83) and the reliable consolidation above will allow the consideration of the uptrend resumption n the area of 156.60 (the maximum extremum is 156.58 + the lower limit of the monthly cloud is 156.54 + the target for breakdown of the day cloud is 155.44 - 156,60). In case of a deeper correction of the support, it is necessary to trace the boundaries 152,14 - 151,85 (weekly Fibo Kijun + day Tenkan) and 150,77 - 150,45 (weekly Kijun + day Kijun).
H4 - H1
The pair leaves no hope of getting out of the correction and consolidation zone. Players on the rise need a breakdown of the correction in the trend and go beyond the level of 153.83. Lower league levels are now the closest support (153.20 - 152.80) and help maintain a certain advantage on the side of players to rise. Elimination of the H4 cross (152,50-17) and a decrease to the support in the area of 152.14 - 151.85 can lead to a significant change in the balance of power and further intensify the bearish sentiment.
