GBPJPY continues the bearish trend…

The rise of the GBPJPY pair is still very much in progress, however a resistance of 143.59 is on the table. There is a minor support of 137.98, which is likely to turn all things neutral however a further break of 134.53 will support an argument for the bears as the pair falls from 1.63.05 and continues towards a mark of 132.13, with many speculating that it will go beyond this point.
The bigger picture points towards a bearish view as the pair falls from a 2007 high of 251.90 with all indications pointing towards a low of 118.81, which does not seem so fantastical now the pair has hit 163.05. The outlook for the bear remains decidedly bearish.