- The Sterling is stepping lower in early Friday trading following Trump comments that a hard Brexit is the only way to salvage trade deals with the US.
- Higher timeframes have the Guppy bouncing from a double bottom near 143.75,
- Broader markets are recovering from rising trade tensions, but risk aversion remains close to the surface.
GBP/JPY Chart, 15-Minute
Spot rate: | 148.34 |
Relative change: | -0.11% |
High: | 148.59 |
Low: | 148.32 |
Trend: | Rolling over into bearish |
Support 1: | 147.76 (previous day low) |
Support 2: | 146.92 (38.2% Fibo retracement level) |
Support 3: | 146.02 (current week low) |
Resistance 1: | 148.88 (current week high) |
Resistance 2: | 150.00 (major technical barrier; round figure) |
Resistance 3: | 150.62 (May swing high) |