gpjpyTrading Outlook

GBPJPY: DAILY OUTLOOK/FORECAST

BUYING MOMENTUM CONTINUATION!

The pair has been trading on upside thought the week therefore, we have to follow the trend for the day under consideration.

Preference!

So in our view buy the pair above. 143.56 stop loss. 143.27 with the target of 144.95 and extension. 145.38.

Alternative!

Alternatively, if break out of 143.27 occurred we will see this pair towards. 142.498/142.14 as the next support.