GBPJPY – With GBPJPY continuing to hold on to its broader upside, we look for it to strengthen further in the days ahead. This will leave it targeting the 157.00 level where a violation will aim at the 159.00 level and then the 163.05 level. Its daily RSI is bullish and pointing higher supporting this view. O the downside, in case of any pullback, the 150.54 level will be targeted where reversal of roles as support may occur. Further down, support comes I at the 149.94 level. All in all, the cross remains biased to the upside.
