GBPJPY has been trading in the 140-138 range since the past few trading sessions; it currently is near the upper end of this range. A break above the horizontal resistance line just above current level would give fresh break out and the impetus required to take the pair higher. It would be prudent to say that the currency pair could advance towards 141.00 and 141.50 if it breaks & sustains above 140.50.
Technical Analysis Team
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