GBPJPY OUTLOOK

GBPJPY is looking solid for a long term impulse to for new highers but it all depends on how we react on previous market high. looking at the monthly chart we can see how the market created a higher high then came back to fib levels to create higher low. we are now seeing a market forming deeper pullbacks and long term impulsive moves to the upside. the daily closed with a nice engulfing candlestick wait for a rejection or HL formation then enter a long position.