GBPJPY just put in a 4 hour bullish pin bar off a key level. The daily chart is also at the very top of the upper range on the wedge that has been forming for the past 3 months (see daily chart below). We’ll have to see how the rest of the day plays out, but right now this pair is looking very constructive.
Just note that this pair is still fighting with that upper trend line. Here is the pin bar on the 4 hour chart…
GBPJPY Daily chart
