Increase in GBP/JPY Continues

Technical Reports

Trading in the pair is on the upside for resistance zone 148.09/42, as growth from 138.65 goes on. Pivot points are at: (S1) 143.77; (P) 144.64; (R1) 146.03.

Trading below minor support 143.25 will become neutral. Recoil from 122.36 can renew.

Price moves from 148.42 are corrective. 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 122.36 is awaited.