200 bar MA on the 4-hour chart is at 134.845

The GBPJPY is also making new highs for the trading day.

The pair is just getting above the 38.2% of the move down from the July high (not even the Brexit high). That level comes in at 134.47 (support/risk now). From the high for the year, the GBPJPY is down 23%.

The pair is currently testing the 200 hour MA at the 134.85. The price has not traded above the 200 hour MA since Jun 23rd (prior to the Brexit vote). A move above should solicit more buying with the 136.14 level the next target (50% of the move down from the July 13 high).