Weekly technical analysis for the Japanese Pound GBP-JPY

The pair is trading above the support area at 132.10, which represents an important level for the pair, important on H4. In the last hours of the last week, the pair managed to break this point up and close weekly above. With the start of trading this week, we see an ideal test for the pair on this point on H4. This gives optimism for the continuation of the positive trend as long as prices are above 132.10 to target the upper region at 134.85. Which will be an important selling point for the husband, as we can close long positions and open short term positions. It is possible that the price broke 132.10 down to enter the short positions below the point with a suitable stop stopping above the 132.10 point

Axis level: 132.10

General trend: bullish as long as price remains above 132.10 point