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GBPJPY Looks To Extend Corrective Recovery

GBPJPY: The cross continues to maintain its corrective upside bias leaving risk of a move higher on the cards. On the downside, support comes in at the 154.00 level where a violation will aim at the 153.00 level. A break below here will target the 152.00 level followed by the 151.00 level. Conversely, resistance is seen at the 156.00 level followed by the 157.00 level. A cut through that level will set the stage for a move further higher towards the 158.00 level. Further out, resistance resides at the 159.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GBPJPY looks to recover further.

GBPJPY Looks To Extend Corrective Recovery

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