GBPJPY MAY STOP OR PAUSES AT LOWER MONTHLY BAND 139.00/138.50

The width of monthly band for GBPJPY estimated to 850 PIPs and the pair is estimated to stop or pauses at 139.00/138.50. New directional movement will be re-analyzed but likely will continue to downward, subject to pressure made by the EURJPY sterilization. Nonetheless, decision could be made later.

Multiple option tradings made on hourly and daily basis for this pair and all are expired by today, NY closing.