GBPJPY Weekly Analysis Jan 2016 http://screencast.com/t/0hlEH4BJ
163.50 is a previous demand area, often the first push in a downtrend is related to the next push by the ratio 127%, 168% or 200%, as this appears to be a impulse decline I would favor the expanding ratios around 168% to 200%. There is also a Gann angle from the low at 116.65 which would off…