This pair broke a very important support on Friday and to my suprise it didn't manage to break back above it. Even though I am fairly bullish
on all currencies aganst the JPY, the current situatsion in GBPJPY
may signal further downside. Also USDJPY
looks kind of heavy as it failed to close above 101.40 which means that if GBPUSD
stands still and USDJPY
pushes lower it will drag the GBPJPY
down as well.