Greetings to traders! We will make a technical analysis of quotes on H1. The daily volatility for the 14-day period for the GBPJPY pair today is 135 p. The potential for the price movement in the north direction is at 137.72. The maximum target in the south is located at 135.78. The stochastic technical indicator on the D1 timeframe signals overbought. This may inspire sellers to sell the pair, and we will see a drop in prices. The nearest resistance for GBPJPY is 137.22. If breakdown and consolidation above the resistance level occurs, the road will open to the next level 137.72. If breakdown of the level of 136.45 occurs, we should expect a descent to the level of 135.77.