The GBP/JPY has been bouncing around between 143 and 144 but 143 looks to be the more important level now as it forms the neckline of a daily chart H&S pattern.
GBP/JPY daily: the 143 level looks to be the bearish ‘line in the sand’ for the GBP/JPY.
GBP/JPY weekly: price recently tested but retreated from the 147 level which has been long term S/R:
GBP/JPY monthly: the 147 level has been a key turning point for this pair throughout recent years:
Summary: watch the 143 level for any make or break activity.
NB: I am o/s at the moment so updates are brief and few.
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