Chalfie24

GBPJPY range narrowing

FX:GBPJPY   Pound British/Jepun Yen
Upward trend from October 2016 has produced many channels/wedges that have been narrowing over time.
Another breakout to the upside coming? Or a rebound back towards parallel mid line?
Some economic data coming tuesday for JPY in the form of cash earnings and consumer confidence & wednesday for GBP with industrial and manufacturing production.

snapshot

See if this rebound continues when markets open

Komen: Downside opening up after BOJ begins to taper "bond purchasing" i.e. QE
snapshot
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