Growth of GBP/JPY Extends

Trading of the cross is on the upside for resistance 153.39. Pivot points are at: (S1) 152.16; (P) 152.56; (R1) 153.17.

Trading below minor support 151.74 will extend the correction with decline through 149.40. Overcoming of 153.39 will renew a medium term growth.

Growth from 122.36 is resuming to 61.8% retracement of 195.86 to 122.36 at 167.78. Downtrend in the pair can renew after forming minimum below 122.26. Overcoming of support 146.96 will indicate trend reversal.