GBP/JPY Daily Outlook

Jul 23 2010

GBP/JPY's strong rebound from 130.82 and break of 133.72 indicates that choppy sideway trading from 136.39 is still in progress and turns bias neutral. On the upside, break of break of 135.99 resistance will indicate that whole rebound from 126.73 has resumed and should target 61.8% retracement of 145.94 to