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GBPJPY: Eyes More Downside Pressure

GBPJPY: The cross eyes further downside pressure with more weakness envisaged in the new week. On the downside, support comes in at the 148.50 level where a violation will aim at the 148.00 level. A break below here will target the 147.50 level followed by the 147.00 level. Conversely, resistance is seen at the 150.00 level followed by the 150.50 level. A cut through that level will set the stage for a move further higher towards the 151.00 level. Further out, resistance resides at the 151.50 level. All in all, GBPJPY remains biased to the upside short term

GBPJPY: Eyes More Downside Pressure

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