GBP/JPY Bearish Continuation is Expected
The GBP/JPY is making a nice bearish zigzag that indicates the equilibrium with the current trend. New rejections are possible.
The POC zone 142.08-18 is a potential rejection spot. We have a lot of confluence and any reversal pattern including my T-89 proprietary pattern should further weaken the pair. GBP/JPY is moving below all confluence points and higher time frames also suggest further bearish continuation. Targets are 141.30 and 140.79.