GBPJPY THREE TIMES IS A CHARM

The Yen has continued to push higher over the last few days.  The GBPJPY has managed to break above key resistance at 129.60.  The cross is currently testing the psychological level at 130.  A break of this level could lead to a push towards 131.70.  A fall back below could lead to a retrace towards daily price support at 1.2850.  The Yen is due for a pullback but it is difficult to predict price action heading into the Thanksgiving holiday.

Sup   1.2850

Res   1.30

Keane Plan…A break of the 130 level opens the pair up to a move towards 131.70.

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