GBP/JPY - Bouncing Near The Support at 181.13
GBP/JPY is bouncing sharply near the hourly support at 181.13, alleviating concerns of a weakening buying interest. A test of the resistance at 184.33 is expected.
In the long-term, the trend is positive as long as the strong support area between 169.51 (11/04/2014 low) and 167.78 (18/03/2014 low) holds. The break of the strong resistance at 180.72 (19/09/2014 high) opens the way for further strength. A key resistance stands at 197.45 (24/09/2008 high).