The GBPJPY looks to be breaking below (indicated by the red circle) the support line of the uptrend in the 1-hour chart. Though as of now, the uptrend support appears to be keeping the pair from falling further. If the guppy slides below 131.50, the pair could head all the way down to 130.50 which is a previous resistance-turned-support. On the positive side, a bounce from 131.50 could propel the pair up to the triangle resistance just above 132.50. In my view, it has a higher chance of breaking up than breaking down given its present uptrend. If and when it breaks out to the upside, it could aim for 135.00 which its minimum upside judging by the height of the triangle.