Dislikedthat is buyers coming off 136.60...... not sellers hope you did not get caught. It was a long not a sell into 136Ignored
138 was very significant, and it was taken out with volume, provided by Claimant Count Change news.
On top of that, the rally and V shaped jump we saw early last week in GBP/JPY was mainly caused by reversals in equity markets.
The equity markets will now face huge selling pressure as they approaches significant levels of November lows. GBP/JPY will not be a 'buy' under these circumstances.