Further Fall in GBP/JPY is Awaited

Technical Reports

Trading in the pair is neutral. Further decline in the pair is possible. Pivot points are at: (S1) 144.82; (P) 145.35; (R1) 146.25.

Downside of the pair should be contained by support from 135.58. Fall from 147.76 can prolong. Trading above minor resistance 146.27 will back to the upside for 147.76.

It is awaited, that increase from medium term bottom 122.36 will continue to 38.2% retracement of 196.85 to 122.36 at 150.43. Downside should be contained by support from 135.58 and 50% retracement of 122.36 to 148.42 at 135.39.