Asian trading yesterday began the week with some powerful gains that took GBP/JPY to 3 week highs, through the 100 day avg and to a test of the 50 day line. Those gains were firmly rejected however with the market closing for minor movement – for a 3rd day in succession. This lack of follow through in either direction means intraday sentiment cannot be strong but Asian selling gives a negative bias with potential to 171.60.