GBP-JPY is going up now But the pair has hit a horizontal resistance Level at 165.837 and despite the fact that I am bullish biased We all see that the pair is overbought locally Thus a correction from the level is a likely scenario
@JoeChampion, You are asking this question because you posted the same idea and just like everybody else because most people think the same way, strong resistance hence a pullback, but now after the last few 4h candles are staying pretty much close to the top, you are beginning to wonder if the price will continue its upward move without an extended pull back. Your prediction is all the way down to 161, I doubt that very much.