Fall in GBP/JPY Goes On

Technical Reports

Trading in the pair is on the downside. Pivot points are at: (S1) 147.28; (P) 148.36; (R1) 149.06.

Fall from 152.82 should target 55 day EMA (now at 146.27), and trading below that level will bring retest of key support 139.29. Overcoming of minor resistance 149.92 point out completion of the decline.

A medium term recoil from 122.36 continues. The pair’s forecast will stay bullish while support 139.29 keeps.