After a nice push higher GBP/JPY is currently in a small consolidation before the next impulsive push higher towards 142.72 and ultimately above here too for a continuation higher to 147.96 as the next major upside target.
Key-support remain seen at 140.31, but we doubt that support at 141.24 will be broken if tested.
We are long GBP from 140.71 with our stop placed at 140.25
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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