Fall in GBP/JPY Accelerates

Technical Reports

Trading in the pair is on the downside, as a fall accelerates and reaches minimum 142.51. Pivot points are at: (S1) 142.87; (P) 143.66; (R1) 144.16.

Downside of the pair should be contained by support from 135.58. Overcoming of 146.77 will point out completion of the decline from 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.