- 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






