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FXTechstrategy

GBPJPY Eyes Upside Pressure On Further Corrective Recovery

Long
British Pound / Japanese Yen (FX:GBPJPY)  
FXTechstrategy  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns Forex forexsignals forextrading trade forextradingzones forex_signals forexanalysis forexpositive forexforecast
2
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GBPJPY eyes upside pressure on further corrective recovery as it retain its bull pressure. On the downside, support comes in at the 142.50 level where a violation will aim at the 142.00 level. A break below here will target the 141.50 level followed by the 141.00 level. Conversely, resistance is seen at the 143.00 level followed by the 143.50 level. A cut through that level will set the stage for a move further higher towards the 144.00 level. Further out, resistance resides at the 144.50 level. All in all, GBPJPY looks to recover higher
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