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GBPJPY – 142.25 still rebuffing the bulls!

The GBPJPY just posted a key outside reversal at the all-important 142.25 level, a level that has been capping the upside since mid-January. Downside follow-through, if it materialises, will negate the tentative bullish ascending triangle pattern. 140.50/140 is the next level of support! Keep an eye on this one!

1. GBPJPY – 4hr Chart: Outside key reversal at 142.25 bodes ill for GBPJPY bulls!