The dragon has taken a beating in 2016, but looking back, it's still far from it worst. In 2008 and 1998, GBPJPY
plunge 44% and 37%. There's similarity in RSI
as well (highlighted in blue box) and currently, the price is below EMA
50 monthly. Conservatively, GBPJPY
could see 160 level and it could see 150 level in this 2016.