GBPJPY TECHNICAL ANALYSIS ON DAILY TIMEFRAME
Here’s one for the Fib fans out there! GBP/JPY hit resistance at the 136.00 major psychological handle, which is right below a 38.2% Fibonacci retracement AND is around the 100 SMA on the daily chart.
Oh, and take note that the consolidation also lines up with a clear area of interest for the pair.
Selling at the earliest signs of bearish momentum would give you decent pips especially if Guppy drops back to its 127.50 lows.