Our pivot point is at 141.73.

Our preference: the upside prevails as long as 141.73 is support.

Alternative scenario: below 141.73, expect 141.30 and 141.04.

Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 141.83 and 141.78). Finally, the GBP/JPY is trading above its upper Bollinger band (standing at 142.12).

Supports and resistances:

143.55 **

143.29 *

143.03 **

142.78

142.15 last

141.90

141.73 **