Well, I meant to write this last night and got the chart below ready (it was screen-shotted yesterday) then never got beyond the headline. As luck would have it, the pattern broke when the maket opened today! Drats!
So anyway, heads up the GBP/JPY is going wacko downwards, down, down, down. It’s down about 200 pips right now since market-open. Remember the long term head and shoulders we’re looking at? The double-top’s target is the neckline for that. Consider this the pre-game snack for the big party ahead if this big snafu keeps it up!
