GBP/JPY only dipped to 141.76 before moving higher through the ascending triangle resistance at 142.26 for a continuation higher towards 142.75 and above towards 143.78 and 144.96 as the next minor upside targets.
A break above 142.75 will add upside momentum.
Only an unexpected break below 141.25 will indicate a temporary top for a dip to 137.20.
R3: 144.96
R2: 143.78
R1: 142.75
Pivot: 142.26
S1: 141.68
S2: 141.25
S3: 141.07
Trading recommendation:
We re-bought GBP at 142.27 and we have placed our stop+revers at 141.25
The material has been provided by InstaForex Company - www.instaforex.com