GBP has found some obstacles after strong pullback on sentiment and market improvement, since GBP is attached to stock markets and govenments financial injections. Money flows tend to favor GBP in such environment and this week we see continuation with Aussie and Kiwi as leaders. However JPY is the weakest counterpart of all risk off and safe havens, so I would grab 200+ pips if we get breakout.
134.8-135 is that key level that has to be ceased before we move up for potential 250+ pips or even more (500+ is also on the table). I will remain patient and wait for setup before entry