TECHNICAL ANALYSIS BY NSFX 19.04.2015
GbpJpy tested successfully the support at 175.56, making 2 price spikes. The 55EMA and the 200SMA are very close and are the next relevant resistance. Above those averages there is the medium term supply line that links lower highs generated the last December. A brekout above the supply line can lift the pair to the target 189.6. Below 175.56 the rate can slide to 170 and then to 167.7.