GBP/JPY has turned to the upside after the failure to reach the major downside target from the first warning line (WL1) of the ascending pitchfork. We have a breakout in play, it has climbed above the median line (ml) of the minor descending pitchfork, a valid breakout will send it towards the upper median line (uml).
Technically should increase also because has failed once again to reach and retest the lower median line (lml) of the minor descending pitchfork. Price climbs higher as the Nikkei stock index failed to make new lows and now has turned to the upside.
