GBP/JPY BULLISH from the support

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GBP/JPY has broken the lower Bollinger band on the daily timeframe. The price is currently trending downwards, and could be moving upwards due to the Bollinger band break. There is a strong support level around the 149.000 price where we suggest to start buying.

entry: 149.000
S/L: 148.300
target: 152.200

Some fundamentals, with news about Fed raising rates in 2022, in combination with leveraged loan market in the US. We might see money flowing into the less risky JPY.

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