BULLISH
We are currently at 151.51 in a GBP/JPY channel. We have convergence in play for the up move.
If we can break this resistance, we are looking for a move to the ATR Target at the 152.16 area. Watch the USDX for any change in direction. The ATR for the pair currently is 116 pips per day.
GBP/JPY Channel 