$GBPJPY - Loosing its bullish sentiment in the short term.
Support at 183.05 has been broken.
This massive correction in GBP appears not be over.
Next level of support 181.54-180.80.(green)
Strong resistance near the 185.00 area. - Double top.
BOJ states no clear end in sight for easing -
"Strengthening monetary easing too much to push up
inflation in short period will threaten economic, price stability. 2 % inflation target a flexible one"
We have a strong drag from euro zone on GBP. We need to see some solid data to push this pair higher.
Until then this pair will get a neutral outlook
This massive correction in GBP appears not be over.
Next level of support 181.54-180.80.(green)
Strong resistance near the 185.00 area. - Double top.
BOJ states no clear end in sight for easing -
"Strengthening monetary easing too much to push up
inflation in short period will threaten economic, price stability. 2 % inflation target a flexible one"
We have a strong drag from euro zone on GBP. We need to see some solid data to push this pair higher.
Until then this pair will get a neutral outlook