GBP/JPY has declined sharply near the psychological resistance at 190.00. However, the support at 185.02 has spurred some buying interest, favouring a more sideways evolution. Hourly resistances can be found at 187.83 (intraday high) and 189.27 (intraday high). Another key support lies at 183.98.

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 (19/09/2014 high).

Daily Technical Report