GBP/JPY continues to stay higher as the Yen is weakened by the Nikkei’s impressive rally. The index has managed to climb much above the 20320 previous high, but now seems a little exhausted and could slip lower. I’ve said in a previous report that the JP225 is somehow expected to decrease a little after the amazing upside momentum, it could come even to retest the 20058 former resistance before will climb much higher. BOJ kept the interest rate steady at the -0.10%, remains to see how the Yen will react after the BOJ Press Conference.
GBP/JPY reached the 151.66 horizontal obstacle, only a valid breakout will confirm a further increase towards the lower median line (LML) of the ascending pitchfork.
