FX:GBPJPY   Brittiska pund/Japanska yen
After double bottoming around 147, GJ had an explosive move up. Currently there seems to be some exhaustion after price probed higher price but was rejected from closing at the new highs it printed. This is also an area of weekly support that seems to be acting as resistance. The daily candle closed bearish yesterday and momentum carried price lower today before buyers re-emerged around 150.50s. If price can trade below the trendline that is holding price currently, I wouldn't be surprised to see price revisit the area where price began the consolidation period that price recently broke out of last week, between 149.60s-150.30s.
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