GBP/JPY tried to break above short-term important resistance at 140.94 and failed. We expect minor support at 139.95 will be able to protect the downside for another attempt to break above short-term key-resistance at 140.94 for upside acceleration towards 144.58.
On the way higher towards 144.58 resistance will be found at 141.58 and 143.19.
R3: 141.58
R2: 140.94
R1: 140.54
Pivot: 140.37
S1: 140.15
S2: 139.95
S3: 139.65
Trading recommendation:
We are long GBP from 140.12 with our stop placed at 139.30. If you are not long GBP yet, then buy a break above 140.94 and place you stop at 139.85
