Pull Back in GBP/JPY Should Finish

Trading in the pair is on the downside. Pivot points are at: (S1) 146.74; (P) 147.38; (R1) 147.73.

Fall from 152.82 should continue to 61.8% retracement of 139.29 to 152.82 at 144.45. Overcoming of support 149.73 will argue that the pull back is completed and trading will back to the upside for retesting of a maximum 152.82.

A medium term recoil from 122.36 will resume after completion of a corrective pullback from 152.82. Downtrend in the pair can renew.