The GBP/JPY looks like it is about to continue its descent that started about a year ago from the heights of almost 196. It looks like Brexit fears remain with the pound for now. GBP/JPY Daily Chart 6/13(click to enlarge)The daily chart shows GBP/JPY break below the previous consolidation low at 152. Price dipped below 150 briefly before buyers pushed the pair back into its previous range. I would anticipate a battle here between bulls and bears, and if price can hold under 156, the downside will open up the next key support resistance pivot around 147.50-148 as seen in the weekly chart. I would say that with the potential of even more volatility ahead of the Brexit vote on June 23, there is downside risk to 145 ahead of the event risk.GBP/JPY Weekly Chart 6/13(click to enlarge