The GBP/JPY is currently at 136.09 in a range. We have convergence on the 60 min. We are looking for a continuation to the ATR target at 135.50 area and maybe the 1.270 Fibo at 135.10. Watch the USDX for direction. The ATR for the pair currently is 126 pips per day.
GBPJPY Channel Continuation