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GBP/JPY Technical Analysis: Sterling rises on UK PM May’s Brexit statement

GBP/JPY daily chart

  • GBP/JPY is consolidating above its 200-day simple moving averages (SMA).
  • Brexit: UK PM May seeks out Corbyn to agree a plan.


GBP/JPY 4-hour chart

  • GBP/JPY is testing the 146.00 figure and the 200 SMA.


GBP/JPY 30-minute chart

  • GBP/JPY is trading above its main SMAs suggesting bullish momentum in the short-term.
  • Bulls are looking at the 146.70 and 147.50 resistances.
  • Supports are at 145.20, 144.60 and 144.05 level.


Additional key levels

 

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