How to profit from FX Markets by 
The 100 simple moving average is the reference that players are using to determine the direction on the pair. (See daily chart below).
Shorter time frames suggest a further bull move but pay attention to 151,80 - 152,00 level after NFP data is released, a significant resistance area.
GBP/JPY Daily Chart:
César B.Leiceaga
Morning César: I am short in this one around 149. As I am a stock mkt bear, I think yen will be stronger, and choiced agst STG because is one of the stronger ccy this month _(overvalued). Once shorts cut, think this pair will be sold to the 1.47 area again and if stocks mkts loose 5% or so, we will see 140/142 again. No tecnical reason, so my comment is probabily worthless. Nice w/e
DEAR CESAR
As you notice,there are bullish mom. on daily/H4 ocs. that is enough reason for bullish this pair.also wave patterns and strong impulse from 143.34(50% 139.7-153.2)shows uptrend resuming at least 154 then 157.3 finally 163.(I have buy pos. on EJ that is working)
similary for majors such as EUR.and aussie in their MT/LT resumed uptrend. my buy pos. on aus.@.9130 is working . my target is 0.9250.
REGARDS
Good morning Carlab,
A squeeze higher is probable after NFP data, but if you’re on a medium/long term trade you’re well positioned.
Good luck and have a nice weekend!
Dear A-Soltani,
Congrats for you EJ and AU positions!
Best Regards.
Viejos rokeros…. I still dont understando why stocks mkts remain so high, but sill fait in lower gbp/yen…