Here is the Pound/Yen after its latest fall:You can see that the range is tightening. I still think this pair could fall as far as the green base line (which is currently sub-140.00). I'll sell on a break down, or buy on a break up. Both on the hour bars. Initial stops on the other side of the channel. Move to break even at +100 pips. I'll keep you posted.
Happy Trading!
