GBPJPY Buy Opp

GBPJPY buy opportunity looks to be available now. A huge wick to the downside suggests that buyers might take the market back up to the above zone before the end of the next trading day. The only significant GBPJPY news to come is the BOE Gov Bailey talk tomorrow morning at 03:25am New York time. Depending on the direction of that talk and the way buyers react to price also reject off of the 4H +1H uptrend line, we may see long action at least to the most recent high and possibly beyond to the next zone.