GBP/JPY intraday: More gains looking likely
- GBP/JPY has breached recent daily highs at 169.15 and closed above there;
- USD/JPY has had an intraday pivot in recent sessions near 103.00 and the close above there makes a test of 103.70 increasingly likely;
- 1.6410 has been the level I’ve been watching in cable and the close above there makes further impulsive gains increasingly likely.
Be patient, but play GBP/JPY from long side would be my suggestion.