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GJ is currently recovering after being bullish for the past 2 days. Personally I see 137.50 being hit evetually. But we have to keep in mind other possibilities. If the trendline holds and the GBP regains its bullish momentum then I see this breaking the previous high and forming a new higher high. If not then this will be heading down.
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GBPJPY has melted all the way down to 140, which is a Major Support Level. I do believe a retracement is overdue. If the blue zone gets broken to the upside then I do see 142.50 and potentially 143.50 being met.
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