GBPJPY Pulls Back to 150.900

The Dragon after extending and breaking past the previous high rebounded from the key resistance level of 152.400. GBPJPY bulls may look for an entry at the current key support level of 150.900. Target for bulls may be at the 1.272 extension which lies at 153.300.

In the event that the pair breaks below 150.900, traders may see sellers take control to test the 150.700 support level.