The GBP/JPY dropped for more than 200 pips yesterday during the BOE’s Ben Broadbent speech in Aberdeen. However today’s UK data has favored the GBP and the pair could see another push to the upside from the POC zone 145-50-65 (D L4, 50.0, trend line W L4, ATR pivot). MACD also shows a positive momentum change impending so 146.06 should be next. If the pair makes a 1h/4h close above 146.06 next should be 146.50-70. Continuation above 146.70 targets 147.18.
