FX:GBPJPY British Pound/Japanese Yen
The GBP-JPY is shown with the symmetrical triangle, posting higher lows and lower highs over the past two weeks. This pattern could indicate a breakout to either the up or downside. The are also squeezing closer together indicating a breakout. For a move, the price action should close above the upper and move out of the triangle in the upward direction. For a move, the price action should close below the lower and move out of the triangle in the downward direction.