GBPJPY is around 4000 pips down from highs of 192.21 reached in June 2015. This pair continues to go down with no real signs of retracement as both British Pound and US Dollar losing ground against JPY and as a result this pair is in free fall. 154.72 is last line of support and we may expect retest of this support level this week. It would be interesting to see how price reacts to this level, any impulsive breakout of this level could pave way for 147.75 level.

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