After a nice run higher from 144.90 GBP/JPY is consolidating. We expect support near 145.95 will be able to protect the downside for renewed upside pressure, through minor resistance at 145.63 and more importantly a break above resistance at 147.00 that will call for a continuation towards 148.50 on the way towards 151.50.
R3: 147.00
R2: 146,63
R1: 146.30
Pivot: 145.95
S1: 145.63
S2: 145.30
S3: 144.90
Trading recommendation:
We are long GBP from 146.25 with our stop placed at 144.80.
