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#GBPJPY MNLY: Potentially long-term heading for 100

FX:GBPJPY   British Pound/Japanese Yen
156 0 8
Perhaps not directly, but eventually GBPJPY             may be heading for 100. It is expected to make it there by the end of Q1 2017. This is when and where price would meet the median line and double the range that was previously observed to the upside (above the balance line). Are the lows at 119 gonna be taken? It's a strong support, isn't it? Well, given the failure to break above 200 (and make a new high), why not?
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