I'm a bit late on this one since I haven't been working on any JPY pairs. But I'll start. My first level was reached and there has been a push down from it so far. Not sure how deep it will push for or for how long. I marked the first level retrospectively but as you can see from my past postings, I always draw the zones out like that. I will be paying attention to the next level. If price gets there soon, I will be sell the market from there. I think price will drop and fluctuate before getting there but if it gets there sooner, that's better. It might not get there at all and that's fine. There will still be opportunities later or elsewhere.
GBPJPY
GBPJPY