This is an analysis of the current GBP/JPY trends. This forex pair is in a long term uptrend. It should continue up to the 174.60 resistance, shown on the left in yellow, then continue higher. The current resistance level is 173.70, so this pair has about 10 more pips of upside potential. It should stop there for a day or two then continue higher in the long term up. This chart analysis of simple trend indicators was done using multiple time frame analysis.
Forex Chart Analysis GBP/JPY 1-22-2014