The GBP/JPY MN time frame is shown below. This pair is trending higher on the largest time frames, like the MN and W1 time frame. The current resistance level is 188.20, you can set a price alert here. Past this resistance level this pair has no nearby resistance, so the upside potential is excellent. Above the alert price of 188.20, look for buy confirmation using The Forex Heatmap®. The analysis of the GBP/JPY was performed with multiple time frame analysis of trends, which always starts with the largest time frames.
GBP/JPY MN Time Frame 12-3-2014