GBPJPY left us guessing on Friday after putting in a largely bearish close. However, the pair did finish the week up 82 pips. Right now the pair appears to be resting on the top side of the wedge that has been forming since early this year. The GBPJPY is known for it's volatile movements, so this past Friday's price action shouldn't be a total surprise.

We'll have to see what next week brings for the pair. I've outlined possible resistance levels in a previous post, should GBPJPY continue its upward march.


Daily Price Action
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