GBP/JPY Is Moving to the Upside

After GBP/JPY broke above the resistance at 139.40, which coincided with the (MA)89 indicator on the daily time-frame, the pair kept moving to the upside and today that movement continues, even though the pair formed a distinct doji candlestick on the same daily time-frame at 143.50, which, it should be pointed out, is a signal for indecision, not necessarily a reversal. Not only did this move continued, but it also broke out above the aforementioned resistance. Should GBP/JPY continue rallying, the first major target on its way up is the resistance at 146.00 and a breakout above that level will likely mean that there will be a further move to the upside towards the previous high, which is at 148.44.