Fib 50% shows it could bounce @ 199.64.
DislikedI do not think that GBPJPY will reach 100 this year or next....
Looking at support and resistance...there is significant support at 202-203 area...as well as the 207 we are faced last week....
207 was big....202 is bigger, not only that but 202 marks the top of a 1000 pip support zone...I think that GBPJPY will have a VERY hard time getting through that, IF it does....but I cannot predict what the market will do, I will only trade it as it goes....Ignored