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GBP/JPY next key hurdle at 192.46; Fibo targets upper 190s

  • GBP/JPY next key historical hurdle is the Mar '08 spike low at 192.46 

  • 61.8% of the '07-'11 drop & 161.8% off the '11 base are at 199.79 & 198.35

  • Those bullish structures retrace well to key '14 lows

  • Post UK election lift, hopes MPC will tighten in time & yield spreads underpin

  • Market Data
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