Closing the gap this week?GBP/JPYOANDA:GBPJPYTheTradingRegimenAfter the JPY news that gapped the markets last weekend, we saw price build off that momentum and continue to push even further to the upside, testing weekly highs. We did have a mid-week reversal and bears were able to push the price down amid some bearish sentiment on the BoE. I would love to see a continuation of bearish movement but first, a pullback must occur. In this model, you can see the two scenarios that I'll be looking for. There isn't much news this week but we do have red folder news for GBP on Tuesday. This will most likely effect the price of this pair and could act as a catalyst to further price movement.