GBP/JPY rode a stellar topside trend through the first five months of this year, eventually finding some resistance in late-May. That led to a pullback that lasted through the first half of July but, more recently, GBP/JPY is threatening to reverse back into the bullish trend.
On this four-hour chart is an inverse head and shoulders pattern with a neckline right around the 153.50 area.
On this four-hour chart is an inverse head and shoulders pattern with a neckline right around the 153.50 area.