TECHNICAL ANALYSIS BY NSFX 06.09.2015
The rate went below its 200SMA and then closed just below the static support 180.81. Next support should be 177.3 and then area 175. Below this significant support, that is also a multiple bottom, market sentiment will turn negative and will be difficult to develop a trading range. It could be possible a pullback near the 200 SMA in area 185.6 and above this level GbpJpy can rise to 187 and then 192. The RSI(14) is oversold at 23 and the ATR(14) is at its 2015 high.