4 votes Vote story as "Fresh"
0 votes Vote story as "Stale"
The GBP/JPY broke above a very narrow range roughly between 131.10 and 130.10. The break is above 131.10, and we mentioned yesterday that an upside break targets 132.50. The RSI confirms the break with a tag above 70. So in the near-term, as the rally is at 161.8% expansion, we might get some resistance especially as we test a previous pivot at 131