6/9/2021 2:05:42 PM GMT | By Haresh Menghani GBP/JPY came under some heavy selling pressure in reaction to the incoming Brexit headlines. The formation of a bullish flag pattern supports prospects for the emergence of some dip-buying. A convincing break below mid-154.00s is needed to negate the constructive set-up. The GBP/JPY cross witnessed a dramatic turnaround on Wednesday and tumbled nearly 85 pips from the intraday swing highs, around the 155.30 region. The downward momentum dragged the cross to two-week lows, around mid-154.00s in the last hour. ...