Bulls have been stagnating in the past day at this level, forming a strong daily pin-bar on the level. While I am not interested in taking positions on the GBPJPY pair, I will note that this communicates to us that GBP may be bearish soon vs the JPY as more bullish.
A breakout is definitely possible, but the long term uptrend still is in place.
A breakout is definitely possible, but the long term uptrend still is in place.