GBP/JPY

Hello GBP/JPY! The trend has been unquestionably bullish since early 2020 followed by an aggressive impulse in early 2021, testing the February 2018 area (156.000). A test of the same area closed out 2021 for the GBP/JPY. A clear break could lead to a strong upwards move towards the high of May 30th 2016, roughly 160.690 - 164.000. An aggressive rejection could result in a pullback with possible consolidation, given the price is currently in sellers territory. I have a long bias, however, the best choice of action is a fundamental understanding of where the money is flowing.