Trading in GBP/JPY is Limited

Trading is neutral, as the pair is staying in a range of 144.01/147.76. Pivot points are at: (S1) 145.37; (P) 145.76; (R1) 146.13.

Resumption of a recoil from 122.36 is awaited because of overcoming of key resistance zone 147.76/148.42. 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.