GBP/JPY continues to move lower towards support near 160.00. A break below here will add downward pressure for a move closer to the 38.2% corrective target at 154.41. It's possible that the ongoing correction will be able to move closer to the 50% corrective target at 150.09 before the correction is finally complete. However, as always we need to take the final move lower in baby steps as we could see the final low near 154.41 and see the next impulsive rally start from there.
