GBP/JPY: Growth Resumption

Technical Reports

Trading is on the upside for resistance 149.99, as recoil from 143.18 has resumed. Fall from 156.59 has reversed. Pivot points are at: (S1) 147.06; (P) 147.60; (R1) 148.40.

Trading below minor support 146.79 will become neutral. Overcoming of 149.99 will aline resistance 153.84.

Fall from 156.59 is a corrective. While another drop is not ruled out, downside should be restrained by strong support above 139.29 cluster support (50% retracement of 122.36 to 156.59 at 139.47). Overcoming of 153.84 will point out completion of a correction and aline 156.59. A medium term uptrend resumption is awaited.