GBP/JPY Looks To Resume Short Term Uptrend

Forex Trades • Sep 19, 2019 at 12:00 AM EDT

GBP/JPY looks to resume short term uptrend as it eyes further upside strength.

On the downside, support comes in at the 135.00 level where a violation will aim at the 134.50 level. A break below here will target the 134.00 level followed by the 133.50 level.

Conversely, resistance is seen at the 136.00 level followed by the 136.50 level. A cut through that level will set the stage for a move further higher towards the 137.00 level. Further out, resistance resides at the 137.50 level.

Its daily RSI is bullish and pointing higher suggesting further strength.

All in all, GBP/JPY remains biased to the upside on further recovery.

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