The pair continued its losing streak in Asian session and broken the yesterday low of 140.58. The pair is currently trading around 140.
GBP/JPY trades slightly below 140.35 (61.8% fibo) and any break below will drag the pair down till 138.67 (Jun 12th low)/135.59 ( Apr 17th low).
The near term resistance 141.25 (100- day MA) and any break above will take the pair till 141.68 (89- )/142.10 (55- ).
It is good to sell on rallies around 140.20-25 with SL around 141.25 for the TP of 138.70/135.70.