gbpjpy price jumps to new high whats next .....

gbpjpy technical analysis forecast

GBP/JPY new record today 190.00 break of 189.70 resistance indicates resumption up trend. Intraday bias is back on the upside. Next target will be 192.30-60 and after that im expecting to see 198 area. On the downside, break of 184.40 support is needed to indicate short term topping.

Support area for interday correction stand on 188.30 and below 186.20

While price is above 184.40 this market is aggressively bullish and we can look to be buy on weakness above that level

break of 176 support would now indicate medium term reversal

gbpjpy

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice