GBPJPY is been stalling since last week at the 136.500 region but failed to break further to reach January’19 low. Since early session today, GBPJPY has gained some strength which is +0.16 % for the day. Meanwhile, Prime Minister Theresa May, in one of her last acts as Conservative leader before she steps down on Friday, was to comment on the possibility of a ‘great partnership’ with the US post-Brexit, during US President Donald Trump’s state visit to the UK. Rebounding at 136.500, GBPJPY is set to have a great oppurtunity for the bull traders to enter into the market with minimum risk ratio. Breaking 137.150 could push the pair further above reaching May 31’2019 high at 137.300. May high may act as a support once the pair surges above 137.500 which is expected to reach the next target at 138.000

GBPJPY TODAY:
Daily open: 136.851
Daily Last high: 137.134
Daily Last Low: 136.559
Daily current growth: +0.16%