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.
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.
