Booking out of sTerling long mentioned here (https://ogforexwire.wordpress.com/2016/02/26/trade-update-sterling-long-again/) at 1.3970
I shall keep my eyes off cable for now as GBP/JPY cross has gained my attention.
GBP/JPY 15-min chart
The pair has breached rising trend line and is struggling to get back above the same. With Brexit still looming, sterling could take a major hit again if the US data is strong. Yen may remain relatively resilient. Hence, cross appears poisd to test 156.87 levels.
I enter a short 157.45 target 167.87 stop 157.70 (15-min closing basis)