**Monthly Chart**
January candle closed as bullish candle, indicating a continuation of GBPJPY bullish movement. Next target is at around 196 level monthly high.
**Weekly Chart**
The weekly candle closed as a reversal candle (Key reversal bar -pin bar) at the level of resistance indicating that the price will break the resistance and continue moving higher after it crosses the weekly MC to the upside.
**Daily Chart**
The pair had also a ring-low formation after it tested the demand zone at around 185 level. Indicating a strong move upward in the next couple of weeks. Next target will be around 190 and then will target 196 (monthly high). I will be looking for a retest of ring low formation on lower time frame for a buying opportunity.
January candle closed as bullish candle, indicating a continuation of GBPJPY bullish movement. Next target is at around 196 level monthly high.
**Weekly Chart**
The weekly candle closed as a reversal candle (Key reversal bar -pin bar) at the level of resistance indicating that the price will break the resistance and continue moving higher after it crosses the weekly MC to the upside.
**Daily Chart**
The pair had also a ring-low formation after it tested the demand zone at around 185 level. Indicating a strong move upward in the next couple of weeks. Next target will be around 190 and then will target 196 (monthly high). I will be looking for a retest of ring low formation on lower time frame for a buying opportunity.
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