After a crazy ride, GBPJPY declined to value, where a reasonable long can be initiated. Until this pair will break strongly, this is still an uptrend and only long positions should be taken unless there are clear bearish signals combined with an over extended price. It is not the case right now, both the daily and the weekly charts are in line, and they are both bullish. Minor resistance at 190, 192, major resistance at 200.
