Barclays Capital predicts further decline in pound / yen

As the currency analysts Barclays Capital, the closure pound / yen below the minimum in July 2008 at 146.77 was the completion of many months of formation "double top" and evidence of the medium-term reversal of trend. According to the Bank's strategy in the coming weeks may decrease pound / yen to the target level of Fibonacci projections at 136.70, and then to 131.00. At the moment couple pound / yen traded at 144.28, slightly above the 4-month low 144.20.