Bearish bat on GJ is still valid. The support zone was created by a huge gap at Britains exit polls hours before the actual results were announced. The actual came out better. Unless by some miracle there is no empirical evidence on the fundamentals that gives a bullish Pound-Yen beyond this point. Elliot wave analysis is consistent with this view. The 1 leg is strongly corrected by two and by the principle of alternation leg four is a typical sideways movement. leg 3 is the biggest and leg 5 gives the last trapping where we see a good mixture of fundamentals and technicals working together. Check out my UK100 analysis.