GBPJPY - Technical Analysis: Monday, 03/12/2018 08:12 GMT

The pair inside a descending channel after breaking the rising wedge’s support and consolidating below 38.2% Fibonacci correction level indicates the continuation of the decline in the coming period, and the next target is located at 141.40.

The exponential moving averages 50 and 100 support the expected decline, while surpassing 151.65 will turn the short term trend to rise.