First appeared on eFXplus on May 28 - 08:45 PM
- GBP/JPY trading heavy and at recent lows, 145.24 5/25, 145.28 5/28.
- Low so far in Asia today 145.30, high 145.71, bias down.
- Test of 144.91, 145.04 lows March 2, 5 in works.
- Lower Gilt yields, weak data and less-hawkish BoE outlook helping.
- Break below March lows projects test towards 139-low in August '17.
- Base of weekly Ichi cloud 144.48, 100-WMA 143.27 below.
Thomson Reuters IFR Markets