GBPJPY: Potential Range Trading Setup - Remains IntactBRITISH POUND VS JAPANESE YENTRADENATION:GBPJPYKlejdiCuniGBPJPY: Potential Range Trading Setup - Remains Intact From the last analysis I posted, GBPJPY fell by almost -115 pips, but everything was wiped out again. The price could not fall any further, so we may see a larger correction taking place before GBPJPY takes a clear direction. Overall, our analysis remains intact, considering that the price did not move much from its primary position. Considering that it is still August, volume is still low and nothing is taking direction in general, so with the new month we may see movement and perhaps GBPJPY may start the swing move we are expecting. The first support level is around 198. If this level fails, the next likely targets are 196.50 and 195.50, as shown on the chart. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading day Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.