The GBPJPY builds a strong bullish momentum on a daily basis, pressure will be on the key resistance 128.18, GBPJPY will have to hold above 128.18 and the falling line from 128.83 on a daily closing basis to push the market for further upside gains, if seen this scenario could push the pair further higher towards 128.83 levels, where a breach will turn focus to 129.57,131.82. then 133.24 , Alternatively a failure to hold above 128.18 could mean a return to the 126.70 levels, however, If 126.70 fails, expect GBPJPY to weaken further towards the 124.92 levels,If seen this level 124.92/126.70 is supposed to contain any bearish correction strongly and price action would push the pair higher once again toward / beyond 128.00 levels at least before the next move !!

Best Regards

Haitham