GBPJPY - Awaiting bullish variation for LONG at 140.000 level

As the market falls into an area of extreme buy sensitivity on the higher monthly time frames(140.000 zone and below), we can now expect a rush of buyers to enter the market rallying it onward to the 148.000 level. This 140.000 zone also coincides with the 61.8% PRZ level on the Daily time frame from the January to February bullish push. We can this await some sellers exhaustion from this over extension at this level of support. If broken however, we can see a continuation unto the 136.100 level.