GBPJPY - CRITICAL Retest

Going into next week, keep a close eye on GBPJPY...we had a nice consolidation in November & December..resulting finally in a breakout starting this year. Buyers have been in clear control, and how price behaves as we retest this breakout level will be an important indicator of what comes next. Failure to hold sends Pound back into last years consolidation zone, forcing us to rethink any bullishness on the cross pairs involved. Early next week should give us our answer!!