The British pound tried to rally on Tuesday but gave back the gains yet again. It looks as if the markets are trying to pull back a bit from this resistance.
British pound has stalled a bit against yen, after a significant move over the last week. We are approaching a significant resistance barrier, so it made sense.
GBP/JPY is breaking above the key resistance trend line. This occurred after a double bottom around the 125 support. Can the GJ now test the previous top?