For GBP/JPY, a break below the 135.38 lows would provide confirmation of a continuation down to a target at 134.50 eventually over the short-term time horizon.
Read more: Pound-Yen Downtrend Forecast to Continue to Bottom of Wedge
GBP/JPY is trading at around 137.61 at the time of writing, down slightly at the start of the week and studies of the charts suggest the exchange rate is set to continue its broader downtrend in the days to come.
Read more: Pound-Yen Rate Set to Extend Broader Downtrend Suggest Technical Studies
Pound-Yen exchange rate forecast to decline further as safe-haven qualities continue to benefit the Japanese currency.
Read more: Looking for More Yen Strength vs. the Pound
The Pound-to-Yen exchange rate is trading at around 136.90 at the time of writing, a tenth of a percent higher on the week, but studies of the charts suggest the exchange rate is set to continue its broader downtrend in the days ahead.
Read more: Pound-Yen Outlook: Strong Bear Trend Set to Continue to Hard Floor at 2017 Lows
The Pound is in a concerted downtrend against the Japanese Yen which is expected to extend but we look for the potential of a near-term relief bounce.
Read more: Pound / Japanese Yen Outlook: Downtrend to Extend, Short-Term Relief Bounce Possible