First appeared on eFXplus on May 14 - 09:50 PM
- GBP/JPY recently more buoyant, towards top of recent range, 149.30 on 5/10.
- Asia so far 148.60-92, holding under ascending 200-DMA, descending 55-DMA.
- 200-DMA at 149.25, brief breaks above 5/9-10 rejected, 55-DMA at 149.44.
- Cross also below ascending base of daily Ichi cloud, today 149.69.
- Plenty resistance above but good support at hourly Ichi kijun at 148.54.
- Moves to and below this kijun line rejected since yesterday.
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Thomson Reuters IFR Markets