GBPJPY - Long Term Outlook - Buy Opportunities

Looking ahead to the Spring/Summer trading season. Since the beginning of last December the selling of the Pound vs. the Yen has been quite steady..as we do see some buying opportunities ahead at these several noted reversal zones. I am very cautious of the 126.80 area as we could see a hard push from institutions to re-test the 2011 low of the 166.80 area, so putting a buy in there could be catastrophic to an account :)

Good Luck Traders.