• GBP/JPY continues to decline. Supports can now be found at - TopicsExpress

• GBP/JPY continues to decline. Supports can now be found at 176.31 (61.8% retracement) and 172.98. A break of the resistance at 180.94 is needed to improve the technical structure. Another resistance can be found at 182.71. • In the long-term, the lack of any medium-term bearish reversal pattern favours a bullish bias. A support is given by the 200-day moving average (around 176.00), while a strong support area lies between 169.51 (11/04/2014 low) and 167.78 (18/03/2014 low). A strong resistances stands at 190.00 (psychological threshold).

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