GBPJPY has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 5 days and suggests a possible target level to be around 197.7283 within the next 6 hours.
GBPJPY has broken out from the Falling Wedge pattern. Expect it to hit 197.7283 soon.
