First bullish momentum on the weekly appeared on the ichimoku. If it trends down for a period of time then momentum is lost and this idea no longer valid. Target is GBPJPY at 189-190 by mid 2023.
Buy zone is anything 152-153 above ichimoku cloud. Not buying at 155. Would buy more heavily if and when it reaches 162 and if cloud support can catch up a in time. This would take a couple months from now for the cloud moving averages to catch up.
Dependent on the BOE decisions and market reception. But assuming interest rates are ticked up. GBP might get the momentum it needs.
Buy zone is anything 152-153 above ichimoku cloud. Not buying at 155. Would buy more heavily if and when it reaches 162 and if cloud support can catch up a in time. This would take a couple months from now for the cloud moving averages to catch up.
Dependent on the BOE decisions and market reception. But assuming interest rates are ticked up. GBP might get the momentum it needs.
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