We remain marginally bearish short-term on the condition that the pair can break below the 141.18 lows.
Read more: Pound-Yen Rate Could Fall to 140.000 Short-Term if Lows Broken, Longer-Term Bullish Potential...
One solution to the paradox seen in the GBP/JPY exchange rate's outlook might be to expect downside in the short-term followed by upside in the longer-term.
Read more: Pound-to-Yen Rate: Short-Term Forecast Lower; Long-Term Higher; Say What?
The GBP/JPY rate is to remain trapped within its 140-150 range after repeatedly failing to break above the 150 level in recent weeks.
Read more: GBP/JPY Update and Technical Forecast: Range-bound Trading to Persist
Pound liable to further losses against the Yen as a the charts take a bearish turn.
Read more: Pound-Yen Rate Liable to Further Losses as Bear Flag Unfurls
Despite contradictory signals and short-term volatility, the charts are on balance bullish GBP/JPY in the week ahead.
Read more: GBP/JPY Sell-Off Probably only Temporary