GBPJPY eyes further bear pressure on correction as it targets the 141.50 level. On the downside, support comes in at the 141.00 level where a violation will aim at the 140.50 level. A break below here will target the 140.00 level followed by the 139.50 level. Conversely, resistance is seen at the 142.50 level followed by the 143.00 level. A cut through that level will set the stage for a move further higher towards the 143.50 level. Further out, resistance resides at the 144.00 level. All in all, GBPJPY faces further downside pressure with eyes on key support.
