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GBP/JPY close below 200-DMA needed to deter long trend-followers

  • Yields; 200-DMA & 180.16-23 key pivots for GBP/JPY 

  • BOE easing option (Haldane), election risk & BOJ fiscal friction with Abe weigh

  • Pair needs a close below 200-DMA (178.14) to scare off long trend-followers

  • Resistance at weekly Tenkan, daily Tenkan & 38.2% of 185.01-177.14 at 180.23/16/15

  • 50-WMA, Jan-Feb lows & weekly Cloud top are key props below last week's low

  • Market Data
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