GBP/JPY Signal 27 Aug 2015

FX:GBPJPY   British Pound/Japanese Yen
7 0 0
The pound inability to go back and consolidate above the 190th figure is regarded as a negative factor for the pair, suggesting a decrease resumption in the direction of 183.20.

The bears tested the support around 184.15 which could hold back their pressure. All attempts to grow are limited by the resistance of 186.70.

The GBP/JPY             pair is in a downward trend. Highs are not updated. The price is expected to reach its yesterday intraday low.

We would be buying daily puts for tonight's expiry at 20:00 GMT             if the pair manages a break below 185.32. This option potential is 94 pp to the level of 184.38.

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