GBP/JPY Price Analysis: Bulls in charge and eye test of H4 double top

• GBP/JPY bull is in charge and eye the 4-hour double top. 
• The hourly chart is bullish and the bias is with the bulls. 

GBP/JPY has broken the neckline of the M-formation and could be on the verge of either a triple top or an upside continuation. The following illustrates the market structure on the four-hour chart and the hourly chart to illustrate the possibilities. 

GBP/JPY H4 chart

From a 4-hour perspective, the price is moving in on the double top and pulling away from the dynamic trendline support. However, the price would be expected to move in on the trendline like a magnet. This could result in a triple top. However, if he doubles top resistance breaks, then a meanwhile continuation would be on the cards for the sessions ahead. 

GBP/JPY H1 chart

From a 1-hour perspective, the bulls are moving up from a 38.2% Fibonacci retracement that meets prior support. This gives conviction to the meanwhile upside trajectory to test the double top resistance.