Well at least I lasted 1 post without mentioning GBP/JPY.
The 4 hourly charts are showing a possible double bottom at 129.30 (which was a 61.8% retracement level) with a neckline at 131.75. This neckline is also where the 100-day MA sits and additionally, was also the overnight low. “Nervous Nellies”
can place their long-stops fairly tight below this level.