The pound against the yen is about to reach the long-term downward trend since May, the current can be considered short between 132.200-132.400, the first target 130.3, second target 128.3, third target 126.7, stop at 133.8. If 126.7 is broken, will try 124.8. The same if the 133.8 breakthrough also means that the pound against the yen will resume the upward trend.
Comment:
The gbpjpy broke the long-term downward trend line, waiting for the step back to $132-132.5 to support the position, more than a single opportunity currently waiting for this interval, stop at 131.5, the first goal in 135 dollars, second goals in 138 dollars, third dollars in the 140 target.
