Following a solid bull run, the GBP/JPY could shift momentum, following a break below 152, heading towards 150.50. Prices closing below the 100MA on the daily time frame could well indicate this move, and invite more selling below 150, as the safe-haven trade is back in demand.

Additional volatility, economic data prints and increased Covid concerns in the UK could also point to a weaker Pound in the short-medium term.

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