GBP/JPY Moves Higher

Technical Reports

Trading is still on the upside for retesting resistance 149.70, as the bounce from 142.76 continues. Pivot points are at: (S1) 148.51; (P) 148.88; (R1) 149.43.

Overcoming of 149.70 will point out resumption of the rise from 139.88 and aline resistance zone 153.84/156.59. Trading below minor support 146.28 will back to the downside for 142.76.

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.