GBPJPY#1--->Waiting buy:

Good day, dear #investors and colleagues #traders!

To your attention, a technical analysis of the #Gbpjpy currency pair:

#Comment_to_past_week:

The currency pair, under the influence of the factor #usdjpy, got rid of the major pair #gbpusd, this allowed to close the week +146 points (+ 0.98%).
In this asset, the difference in the indicators of economic data was especially felt.
It was rather difficult for the pair to determine the direction of movement and in the moment, it fell almost 100 points in the direction of our forecast.

#Technical analysis:

Globally (D1):

The currency pair changed the picture over the past week. Instead of a flat, on the daily chart, we got an upward channel with an obvious resistance zone: 144.03-144.60. By the way, at the time of writing, the pair is approaching the lower border of this channel.

Locally (H1-H4):

In this case, the global projection is also shown on lower time frames, and according to our estimates and our system’s estimates, in the conditions of a currency pair reduction to marks: 142.50-142.30, this can serve as a signal for a favorable place for shopping.

By tradition, we call the weekly support and resistance zones:

A) Support: 142.92 and 141.30.
B) Resistance: 144.30 and 145.57.

#Orders_and_position:

At the moment, the price is in a neutral state.
Therefore, we recommend that you refrain from opening positions at this time.
However, we recommend that you wait until the pair “finds” consolidation, only then, we suggest you open long positions with short stops.
By levels, this is the zone announced above: 142.50-142.30 (Only in case of consolidation at this level).

Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”

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