GBP/JPY has rallied nice of the 140.63 low and will ideally stay above minor support at 142.22 for a continuation higher to 143.94 and 146.10 as the next hurdles on the way towards the 161.8% extension target of wave i at 151.90.
Key support has now move higher to 141.65 which should protect the downside at any time.
We are long GBP from 140.90 and we will raise our stop to 141.50.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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