GBP/JPY continues to push higher as expected. After a dip to 142.84 (a little lower that our ideal 142.92) GBP/JPY started to rally again and broke above the former peak at 144.10 for a continuation towards the minor green wave v/ target between 144.70 - 145.15. Once green sub-wave v/ completes we should see another corrective set-back close to 142.84, but to secure the base for the next impulsive rally towards 147.96 and ultimately above here too.
Support is now seen at 143.96.
R3: 145.99
R2: 145.60
R1: 145.14
Pivot: 144.70
S1: 144.23
S2: 143.96
S3: 143.67
Trading recommendation:
We are long GBP from 142.27 and we will move our stop higher to 142.75
