GBPJPY hit our sell target at 143.70 during an impressive flight to safety this week. It stalled at this level and started turning up. My trade plan for now is to wait and see if it will re-test resistance at 145.70. A re-test of 145.70 could also offer a selling opportunity and a H4 close below 143.70 would open up to the next key support area at 141.85 that was a critical area between 2010 and 2013. A break above 145.70 would again show signs of strength, so patience is key. If the recent surge in volatility is any indication, we could be in for a rough “summer” in the Northern hemisphere/”winter” here in the Southern hemisphere.