Trading in GBP/JPY is Limited

Technical Reports

Trading in the pair is neutral. Pivot points are at: (S1) 144.08; (P) 144.40; (R1) 144.62.

Resumption of a recoil from 122.36 is awaited because of overcoming of key resistance zone 147.76/148.42. Overcoming of support 114.01 will back trading to the downside.

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.