GBP/JPY pick your side - Because this isn't easy

8月21日

I was asked to do an analysis on GBP/JPY

And It's like trying to get blood out of a stone.

It's premature right now and I just can't see any definitive direction.

By intuition, I would say I am more bullish than bearish.

There is a Potential Falling Flag and a Potential Cup and Handle forming on it and the price definitely needs to go higher to close above.

Then I'll have more leeway for doing a proper analysis.

The target I guess is at 205.86

Nature: MPT
Price<20 and <200