GBPJPY TECHNICAL ANALYSIS SHORT TERM VIEW
It is running in positive trend and it is running in wave 3 so it can jump towards184 levels non stop .Important support area is 180.50 to 181.50 level as shown in graph.Stop loss is 180.30 and it can jump upside above 184 levels without touch 180.30 .It is running presently near to strong support area so intraday or positional buying can be taken with stop loss180.30 for upside rally.
QUICK FUNDAMENTAL LOOK
GBP/JPY is in the process of printing a fourth lower high on the daily chart after the British Pound edged lower after the latest UK inflation report. The lower-than-expected CPI release saw UK terminal rate expectations dialed back from around 6.25% to just below 6%.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.