Yearly chart still indicate downtick that will in effect continue to set downtrend for most of the year 2016 despite run up last week to 161 area. I am not certain if GBPJPY
can continue to push toward 164 next week, but i am Absolutely certain to Sell from 164-165 (if it can reach there next week) for 400-500 points retracement. On the other hand, if GBPJPY
get pushed down from 161 area toward 156-155, then this would set up another Leg for upward movement toward 164-165 next month in May.