GBPJPY has broken through a line of 199.5125 and suggests a possible movement to 198.6128 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 14 days.
GBPJPY has broken through a support line. It has touched this line numerous times in the last 14 days.
