The GBP/JPY has been in a very tight, bearish consolidation pattern.GBP/JPY Daily Chart(click to enlarge)Tight Channel:- As we can see on the daily chart, price has been in a tight bearish channel since January. - Even before that as price slid from 148, it has been doing so in a very quiet manner.- Indeed, the GBP has been quiet across the board while the JPY has been strong across the board.- However, without a strong push to the downside, this slightly bearish consolidation pattern is setting up for a violent breakout.- I think if price breaks above 140, we will see GBP/JPY rush towards the 148 high from December.