GBP/JPY TRADE IDEA 5 JAN 2020

Lower low made. 146 was rejected with an evening star at mid Dec. After which price fails to close above 145. And at the start of Jan, price was rejected to close above 144 with bearish engulfing.

JPY is expected to appreciate with the increased war tension between Iran and US. 137 area would be a strong support to watch out for.