Drop Of GBP/JPY Continues

Technical Reports

Trading is on the downside, as drop from 149.70 continues for retesting low 139.88. Pivot points are at: (S1) 142.81; (P) 143.51; (R1) 144.24.

Trading above 145.03 will become neutral for consolidation. Another fall is not excluded.

Uptrend from 122.36 would widen beyond 156.69 high, while 139.29 cluster support (50% retracement of 122.36 to 156.59 at 139.47) keeps. Overcoming of 139.29/47 will indicate completion of uptrend. In that case, the cross will aline 61.8% retracement at 135.43.