Support at 136.50 successfully stopped bearish movement in mid-January. The rebound we have seen ever since stopped at 142.00 resistance but didn’t end bullish move.

Today bulls try to move away from mentioned level which became new support. The target of bulls is right now resistance at 145.40 and after breaking it next one will be strong resistance at 148.00.

Alternative is breaking of 142.00, then bears will be in control. In this situation next supports are located at 138.90, 136.50, 133.40, 129.70.

2017-01-25_analiza_GBPJPY-D1 2017-01-25_analiza_GBPJPY-H4

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