After a nice push higher GBP/JPY is currently in a small consolidation before the next impulsive push higher towards 142.72 and ultimately above here too for a continuation higher to 147.96 as the next major upside target.
Key-support remain seen at 140.31, but we doubt that support at 141.24 will be broken if tested.
R3: 142.72
R2: 142.35
R1: 142.03
Pivot: 141.55
S1: 141.24
S2: 140.93
S3: 140.31
Trading recommendation:
We are long GBP from 140.71 with our stop placed at 140.25
