GBP/JPY: Next Target?

 | Jul 02, 2015 08:52AM ET

GBP/JPY:
Currently we are at 192.31 in a bearish pennant. We are looking for a continuation to the Fibo Support area @ 190.93 with an overall target @ 189.72. The average daily true range (ATR) for the pair currently is 146 pips.