Yen pairs were sideways for most of last week, but on Monday most pairs of the pairs were rejected from supports indicating eventual Bullish moves. The general outlook for the JPYs remains bullish; with the current price action it is time to go Long.
The GBP/JPY has been moving in an ascending channel, and is currently testing the lower trend line and strong support, indicating long.
For IntraDay traders, go on Long on Dips
Outlook – JPY Weak
Sardar Uddin
www.tradeCuts.com