On the daily chart, it is looking scary, because it has been endlessly falling without touching the lower bound of the Bollinger Bands.
But it will rebounce in the next 2 days, upper resistance is un-predictable, because it can be balanced by the appreciation of YEN.
On the monthly chart, it should hit below 120, that would happen in Sep. . Mainly driven by the YEN, that GBP would be on its rebounce during this period. The red line level 119 should be where it becomes stead…