The. GBP / JPY yesterday was a further drop 121.83 on the support and its bullish slant(purple line)
Currently the pair is testing 122.66 resistance.
The indicators are generally optimistic.
We continue to advise long positions that support is 121.50.
The breaking of 122.66 will give a new buy signal and open the way to 123, then 124.
In case of return below 121.50, we will be neutral between this level and 121.
The break of 121 would give a sell signal.
Currently the pair is testing 122.66 resistance.
The indicators are generally optimistic.
We continue to advise long positions that support is 121.50.
The breaking of 122.66 will give a new buy signal and open the way to 123, then 124.
In case of return below 121.50, we will be neutral between this level and 121.
The break of 121 would give a sell signal.
