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GBP/JPY Technical Analysis.

FX:GBPJPY   British Pound / Japanese Yen
Currently, GBP/JPY is trading at 133. 01 . The pair is consolidating in the resistance and support ascending triangle wedges . Previously, the pair was trading in a down trend and after touching support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 133.55, then it may start a new up trend and its target price will be at 135.59. If the price breaks the support level at 132.84, then it may start a new down trend and its target price will be at 131.85.

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Rishikesh Lilawat

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