Published at 05:18 (GMT) 12 Sep

GBPJPY

12 Sep GBP/JPY Daily
06:20 GMT - Intraday trade exposed consolidative mode with prices confined within the 124.66-125.38 range set last session and favour shorts towards the higher end of this range as slippage below 124.66/55 will help regain downside footing to 123.97 then 123.62. [W.T]

R5: 127.10 * 16 Apr low
R4: 126.82 * 61.8% of 131.80-118.75 drop
R3: 126.45 22 May high
R2: 126.18 * 7 Sep high
R1: 125.38 10/11 Sep highs

S1: 124.66 11 Sep low
S2: 124.55 6 Sep low
S3: 123.97 * 5 Sep low
S4: 123.62 * 28 Aug low
S5: 123.54 50-day MA line