theforexportal
Long

GBP/JPY looking to push higher.

FX:GBPJPY   British Pound / Japanese Yen
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GBP/JPY made 80 pips last week and technically looks BULLISH whilst we remain above the 200 sma . Above 140.42 takes the price above the descending trend line shown and opens up a move to 148.56.

Below the 200 sma at 140.42 opens a move down to retest 136.37.

Trade recommendations
BUY above 140.42
SELL below 139.70
Resistance at 141.06 mat present a SHORT opportunity.
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