The extension of the Brexit deal to October 30 has given GBP a lift. We were looking for renewed GBP strength, but this extension should give GBP/JPY an extra push towards the upside.
We are looking for a clear break above minor resistance at 146.05 to confirm a corrective low is in place near 144.90 and renewed upside strength should push GBP/JPY towards 147.00 and 148.50 near term.
Support remains seen in the 144.90 -145.10 area.
We are long GBP from 146.51 with our stop placed at 144.80The material has been provided by InstaForex Company - www.instaforex.com