GBPJPY weekly outlook. EXPECTATIONS FOR NEXT WEEK

GBPJPY and all other major forex pairs seem to be on a bearish trend. GBPJPY has closed at a major 4hr key level which may mean that the probability of going bullish may be a good decision if we get a good bullish engulfing candle. Currently, on the 30 mins timeframe, the price has closed below support and hasn't given a proper retest nor a fib entry. This may be to force traders to take an impulse sell. However we will be waiting for the price to break the 4hr key level if we want to continue bearish or break above the 152.5 resistance level to continue bullish. If we break above the resistance, we should be good to go towards the 153.5 level or even 154.5.