The GBP/JPY pair is now moving down in a down slope Pitchfork channel. It is now trying to raid the 134.26 as the first target. If the bearish momentum is strong, 133.90 will be the next target for this pair as long as GBP/JPY does not retrace upwards and closes above 135.46. If the pair crosses this level, the scenario to the downside will be automatically canceled.
(Disclaimer)
