GBPJPY stabilized between 129.70 – 142.00 after memorable British decision about Brexit. For two months the price has been moving between this levels and in half of August GBPJPY rebounded from 129.70 level. The price has been moving toward 142.00 since then and today another resistance at 136.50 has been broken. Strong upward candle has broken that resistance what you can see below at the chart M30.
On the route to 142.00 there is resistance at 139.40. However, during previous movements that level wasn’t able to stop the price and the same situation could be this time.
