GBP/JPY is still consolidating just below resistance at 141.58 but it should just be a matter of time before this resistance is taken out for a continuation higher towards 143.19 and 144.58 as the next upside targets.
Short-term support is seen at 141.36 and then at 140.90. We expect the later support to protect the downside for a clear break above 141.58.
We are long GBP from 140.12 with our stop placed at 139.85
The material has been provided by InstaForex Company – www.instaforex.com