The GBP/JPY has expectedly risen above the POC zone and we can see a realignment candle (encircled arrow) suggesting another swing high.
The POC zone stands around 140.00-20 with a potential for a bounce higher. The price is supported above W L3 camarilla pivot and as long as it holds above, bulls will be dominating. Targets are 141.50 and 142.20. Have in mind that the price is also a bit extended to the upside ( Wizz 6-7), so at this point I don’t see it above 142.10 zone. The pair is subject to headline risk re Brexit so any mention of Brexit could spike the price violently in any direction.
