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GBP/JPY has broken clearly below minor support at 153.53 indicating a decline to the 23.6% corrective target at 150.10. where a corrective bottom may be found for the next impulsive rally higher towards the 159.47 - 159.75 area.
Short-term a break above minor resistance at 152.44 will indicate that the corrective decline in wave iv/ has completed and a new impulsive rally is unfolding.
Trading recommendation:
Buy a break above 152.44 for a rally towards 159.47
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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