Fall of GBP/JPY Accelerates

Technical Reports

Trading of the cross is on the downside for support 150.18. Fall from 156.59 accelerates to minimum 151.19. Pivot points are at: (S1) 151.21; (P) 153.37; (R1) 154.47.

Overcoming of support 151.95 indicates a short term topping. Break of 150.18 will point out trend reversal and bring a deeper drop through support 146.96.

It is awaited, that growth from 122.36 will extend to 61.8% retracement of 195.86 to 122.36 at 167.78. Overcoming of support 146.96 will indicate trend reversal, and the pair will retest minimum 122.36.