GBP/JPY has finally broken above key resistance at 133.19 making this count our preferred count. In the short-term, we see solid resistance at 135.10 that will be able to cap the upside temporary for a corrective dip to 133.75 before pushing higher again through resistance at 135.10 towards 141.06.
R3: 135.45
R2: 135.10
R1: 134.75
Pivot: 134.30
S1: 134.09
S2: 133.82
S3: 133.75
Trading recommendation:
We are long GBP from 131.95 and we will move our stop higher to 132.45
