GBP/JPY at an interesting position
over 600 pips since yesterday!
The rally is probably not over yet... I think 200 level is coming soon, in a few days from now.
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Keep an eye out for GBP/JPY. If you look at the daily chart, there is an "Head and Shoulders" pattern. notice the support line at 221. If it breakes it there is another one at 219.50, and then... a long way down. If the pair will fail to break the 221 it can bounce back to the 240 levels. I think either way it is going to be a major move.