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GBPJPY - Cyclical Reversal- Major Target 164

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
crugnaleinvestments  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators
4
0
trendanalysis chartpattern indicator
GBP/JPY forming a solid price pattern on support
A breakout (seen as likely lower) appears to be very near
The British Pound has been on the move a bit against the US Dollar, but appears poised to do so soon versus the Japanese Yen. GBP/JPY has been coiling up since the general election spike back on December 13. The price action is forming a descending wedge.
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