GBPJPY0.13% this week's price action will either open the door for the continuation of or new bullishness.
Fundamentally speaking GBP after the BOE statement gained some momentum as BOE was hawkish in it's comments and mentioned that they would rather raise then cut the rates. This is the total opposite to the BOJ where there is 0 chances of rates hikes. Fundamentally speaking GBP should be stronger than JPY0.15% .
Technically speaking pair just formed HH after HL however didn't give us anticipated HL. This is not signal but it;s not neither.
From the technical prospective we are looking on the and this is certainly place where would sell. Price is below monthly and yearly which is significant resistance.
I would like to see persuading price action before I joint move.