GBP/JPY continues to rally after having tested resistance at 143.19. Minor sideways correction may advance to 144.55 - the ideal target for red wave v and black wave iii. Short-term support is seen at 142.77 and at 142.44 with key-support at 141.70.
R3: 144.55
R2: 143.87
R3: 143.28
Pivot: 142.77
S1: 142.44
S2: 142.16
S3: 141.70
Trading recommendation:
We are long GBP from 140.12 with our stop placed at 141.55. We will take profit at 144.45
The material has been provided by InstaForex Company - www.instaforex.com