SamKent

GBP/JPY LOOKING FOR PATTERN BREAKOUT

Long
FX:GBPJPY   British Pound / Japanese Yen
1
The GBP/JPY 1H chart is consolidating in what appears to be some sort of a wedge formation. The overall directional bias is to the upside, with the RSI holding above 50 thus far, and stochastic being near overbought, we're looking for a break to the upside.