UPDATE: GBP/JPY heading to target but like a Dungbeetle!Another analysis done in May with a W Formation.
It broke above then below then tested the resistance (neckline) three times.
Before it turned back up.
So now we are getting good traction for upside (if the interest daily charges haven't eaten enough of the portfolio.
And now we will just wait for the price to head to the first target of 205.66
W Formation
Price>20 and 200MA
Target 205.66
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
