After the break above resistance at 133.65 GBP/JPY should continue to push higher towards the next minor target at 135.90. A break above here will confirm a continuation towards the 139.74 peak and ultimately a break above here too for a rally closer to 148.32 as the next major target.
Short-term support is seen at 134.20 and then at 133.70.
R3: 135.90
R2: 135.55
R1: 135.06
Pivot: 134.55
S1: 134.20
S2: 133.90
S3: 133.70
Trading recommendation:
We are long GBP from 132.85 and we will raise our stop to break-even
The material has been provided by InstaForex Company - www.instaforex.com