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AstralWonder

Weakening bulls already

British Pound / Japanese Yen (FX:GBPJPY)  
AstralWonder  
FX:GBPJPY   British Pound / Japanese Yen
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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.
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