GBPJPY reversed nicely off its resistance at 148.78 (100% & 61.8% Fibonacci extension, 76.4%, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a further drop to its support at 146.72 (38.2% Fibonacci retracement, horizontal pullback support) could occur. Stochastic (89, 5, 3) reversed nicely off its resistance at 98% where a corresponding drop could occur.