GBPJPY TECHNICAL ANALYSIS SHORT TERM VIEW
GBPJPY has strong support 182.60 to levels and it can rise towards towards 186.82 levels without touch 181.35 level .Overall trend is positive and as long as it hold support it can rise towards 190 level as well.Inner calculations suggesting for intraday purpose 181.35 stop loss and it can rise for 184.20 ,184.40 and final target 184.70 levels respectively.
QUICK FUNDAMENTAL LOOK
GBP/JPY displayed a robust uptrend from late July, extending well into August. However, the upward momentum began to wane after a failed attempt to break above overhead resistance in the 186.75 area, with prices retreating in recent days .
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.