My analysis assumes that the YEN may rise this week and gonna be strong because of BOJ policy Rate this Friday.
Drag the Fibonacci level already passed the 61.8 % - 50 % level, after the body candle close below 50%. I would enter the position and put the stop loss just above the 61.8 % price which is around 83.200.
Just make sure to watch the margin level and...
Based on my analysis, the price may be bull and go up until 148.352 and the price would probably play around that area and goes back down 140.397 . If the price candle close above the resistant line which is the same on December Hike 2016 . It may continue rally up to 151.916 . Watch out for the Big news tomorrow on GBP -MPC Official Bank Rate Votes & Inflation report .