GBP/JPY - The Bull is Back!

GBP/JPY sharply bounced on Fibonacci level 1.618@ 136.95, significantly closed above Bearish trendline in pink and breaks above resistance area in yellow rectangle, confirms a trend reversal to Bullish. Buy position above 136.95 is relevant with a stop loss 50 pips below. The Bullish movement may climb up to psychological resistance at 141.10.