For most of Nov/Dec GBPJPY was rangebound. Sometimes I find that fibbing the range with the extensions in the direction of the underlying trend can give me good confluence of levels to work off when it does break out. Here you can see that initially the 1.272 ext held 3 times before breaking out. Next was the golden 1.618 which held fantastically numerous times and looked to be formidable until that was able to flip from resistance to support. With price grinding higher the next areas of interest are the HTF swing point at 144.96 ish and the 2.618 at 145.35. In the near term I more expect a breakdown of the LTF H&S at 43.43 and will be looking to short a retest.