GBP/JPY back into 152.00

29 Kas 2017

GBPJPY: Still long! 150.00 has been tapped once more and the price remains below. I see GJ moving lower to fulfil FIB extensions alongside retest monthly areas of support: 145.00, however, 147.50 weekly support does need to be broken. For now, especially after yesterday's closure, I am expecting pound strength and the chance to revisit the highlighted zone level to potentially form a double top in the prior FIB area (151.20)