GBPJPY has broken through a resistance line of a Flag and suggests a possible movement to 199.9516 within the next 13 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.
Breach of resistance could mean a start of a bullish trend on GBPJPY
