GBP/JPY is in a consolidation period with a triangle trend emerging. If we look at historical data, we see that price has fluctuated multiple times in this range.
We can expect that if price breaks above 145.980624, then target levels are: 146.571417 – 147.774104
If price breaks below 143.955045, then we can expect target levels to be: 143.427551 – 142.267063.
Cheers to another successful week everyone!