Decline in GBP/JPY Has Completed

Technical Reports

Trading in the pair is on the upside for resistance zone 148.09/42, as drop from 148.09 has completed. Pivot points are at: (S1) 142.53; (P) 143.36; (R1) 144.78.

Trading below minor support 141.95 will back to the downside for support 138.65. Recoil from 122.36 can renew.

Deeper fall in the pair is possible, but downside should be contained by support from 135.58 and 50% retracement of 122.36 to 148.42 at 135.39. Resumption of a growth from minimum 122.36 is awaited.