This currency pair reached the December 2016 summit. In the face of the never-ending uncertainties surrounding Brexite, Scotland, early elections, economic performance and interest rates in the UK, we have no hope of further strengthening the pound. As a result, we are seeing GBPJPY pair rebounding from support at 148 and expecting a decline over the next few months to levels 136-137, due to the potential weakening of the pound and strengthening of the yen. Stop loss I suggest put on 148.600.
