GBP.JPY

Due to the weakness of the yen against other currencies, we will likely continue the downward trend for the yen, but we always need to price correction and renew our strength to continue, so the 50% and 61% Fibonacci points can be suitable, but these points do not overlap with important support. Therefore, Fibonacci 38% can be the last place to price correction the upward path; the price points 195.00 and 195.30, which are close to 38% Fibo, can be evaluated to enter the long trade. These are just personal opinions and are not for trade.