Price has broken a ranging zone after 10months.
Currently forming a H&S at 4H view. wait for a bounce from it or bounce from trendline.
Very Long term - bullish
Pips expected: over 1500
Look at chart for graphical instructions
This pair may keep going up until it hits the major resistance as it has on numerous occasions as you can see by scrolling to the left. I feel as if it will break down before it hits the resistance level but we will just have to watch. Good luck.
GBPJPY broke out of the channel due to brexit news, as the previous lower channel break shows, most channel breaks get retested and a lot of times, re enter the channel. Along with bearish SMAs
Use Proper MM