Pound-Yen successfully tested a daily trend line with a third touch. A Bullish Morning Star pattern at a Fibonacci level gives added confirmation.
Look for this pair to challenge the 61.8% Fibonacci retracement of the October 30th high (165.03)- January 26th low (118.82). This level is in the 147.69 area. Stops could be placed slightly below the March 2nd swing low of 135.54.
