GBP/JPY:  Current 134.41.
 
135.80 should provide resistance for short-term and 134.00 should provide support. No good trade configuration at the current level but if the currency pair breaks down below 133.90 then we expect it to go down to 133.40 and then possibly 133.20. If it moves up and goes over 134.70 then it should touch 135.00.
 
A limit short order can be put at 134.70 with a stop-loss at 135.30 (-60 pips) and take profit target of 134.10 ((+60 pips) and then 133.80 (-90 pips).

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