As we notice in the daily chart, the GBP/JPY prices are trying g to breach the top of Ishimoku cloud at the 130.90 level and we expect it will witness a sharp decrease towards the 129.45 level and if it succeeds in breaching down this level, the next target would be towards the SAR support level at 128.58 then to the 126.53 level
As for the key resistance level it lays at 130.90
We draw the attention of our dear clients to monitor the support levels of this currency pair.
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Posted by MBCFX