GBPJPY kept falling in the intraday levels, moving as of this morning through the pivotal support of 163.97, with the overall dominance of the main downward trend in the medium and short term,combined with negative pressure from the SMA for the last 50 days period, doubling the negative pressures on the pair's next movements, along with an influx of negative signals from relative power indicators.

Therefore we expect more tumbles for the pair, targeting the support of 161.00.

Trend Bearish