GBP/JPY is set to rise in the next 9 trading days to the 4-hour Key Resistance level 152.31 identified by Autochartist (of the type Approach) – as you can see from the following trade opportunity alert that I received recently for this currency pair. This forecast is aligned with the predominant uptrend that can be seen on the daily GBP/JPY charts. The pair recently reversed sharply up (at point A) from the combined support area made out of the support trendline of the longer-term Up Channel from November of 2012, 50% Fibonacci Retracement of the preceding daily upward price impulse from the end February as well as the former resistance high 147.50 (which reversed the pair down at the start of February, acting as support now – after it was broken by the aforementioned preceding upward impulse, as you can see on the second chart below). - See more at: http://www.autochartist.com/daily-forex-update-gbpjpy-17/#sthash.5tm0WgOp.dpuf
GBP/JPY 1" width="600" height="369">
The following daily GBP/JPY chart shows the aforementioned support levels coinciding at A:
GBP/JPY 2" width="595" height="626">