GBP/JPY-4 Hour analysis

Hello everyone!

-On a 4-hour time frame, we can see that the price tested multiple times support area and then the price rejected and started moving in a bullish direction.
-If you put Fibonacci retracement you will see that the 50% level shows great resistance and if the price continues moving bullish we may expect retest on a 61.8% or 50% level.
-Today the price was moving in a bearish direction until the price tested support area and then went back in a bullish direction.

-On a daily base, GBP is weaker than JPY and on a 4-hour base, GBP is stronger than JPY.
-If GBP remains strong in future and JPY becomes weaker then we can expect bullish movement and if JPY gains more power and GBP loses its power then we can expect a continuation of bearish movement.

-WHAT DO YOU THINK ABOUT THIS SETUP?
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-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.