GBP/JPY were on opposite ends of the spectrum
Here is how the FX market moved this week.
It was raining pips for longs in GBP/JPY in a massive breakout for the pair.
The gains smashed through a triple-top at 148.00 and cruised through 150.00 in a more-than 270 pip rally today.
That takes the cumulative rally this week above 800 pips in what was a fantastic trade.
Technically, the April low is offering some resistance here and we might see a retest of 148.00 before it breaks. Either way, I see 160.00 as far more likely than 140.00 and I don't expect it will take too long to get there.
