GPB/JPY for the past four days this pair has been on a strong bullish move ever since the events in the Ukraine have turned back for the brink and risk on has returned. The S&P 500 has pushed higher creating record highs. This pair has broken out of it consolidating flag retested and broke higher which gives us a target of the width of the bull flag or a higher target of the length of the flag pole projected higher. Currently the pair is at resistance at 17.720 and will need to break this and the level above it at 171.85 to before I will consider taking a long entry with targets at 172.820 and a higher long term target of 177.500 with intermediate targets of 173.5 and 175 at the 177.5 level we would be looking for a sell signal to short this Pair. Note we are now above the H4 and D1 cloud a very bullish signal.

H4 Chart
Daily chart