GBP/JPY has broken the key resistance at 186.13. The previous consolidation implies a short-term upside potential at 188.28. Hourly supports can be found at 186.04 (intraday low) and 185.70 (intraday low).

In the long-term, the trend is positive as long as the key support at 178.74 (23/09/2014 high) 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). A key support lies at 180.72 (previous resistance).

Daily Technical Report