Further Fall in GBP/JPY is Awaited

Trading in the pair is on the downside, as a fall from 147.76 continues. Pivot points are at: (S1) 141.12; (P) 142.22; (R1) 142.82.

Further decrease in the pair is awaited. Downside should be contained by support from 135.58, as the pair is staying in consolidation from 148.42.

Downside should be contained by support from 135.58 and 50% retracement of 122.36 to 148.42 at 135.39. Overcoming of 135.58/39 will turn focus back to minimum 122.36.