The Pound continued its downside wave against the Yen but the pair was still able to remain above the 202.77 critical level which represents the 38.2% correctional level for the upside wave that started back in 17th of March, the ,momentum indicators however are showing an upside reversal possibility as the pair is being traded within an oversold area on intraday basis, the upside wave should remain valid as long as the 202.77 remains intact but breaching that level could take the pair back to the 201.70s level.