FX:GBPJPY British Pound/Japanese Yen
This very large candle has wiped out all gains the yen had made over the last week or so. has broken above a resistance level and i expect it to further climb to its previous highs around the 189 levels. This is where i have set my price targets. My stop is just up the resistance level that we just broke through at just below 185. It was looking as if our would cross over in a manner but this last session has proven otherwise. My bet is to jump on board now before it goes through the roof!