Recovery of GBP/JPY Has Completed

Technical Reports

Trading of the cross is on the downside for support 150.18, as the fall has resumed after short consolidation. Pivot points are at: (S1) 151.01; (P) 152.06; (R1) 152.79.

Near term trend reversal in the pair is possible. Overcoming of 150.18 will target key support level 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.