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GBP/JPY Technical Analysis: Guppy undecided for the third day in a row

  • GBP/JPY is trading near daily highs close to  the 146.65 supply level, still within the range of the last two days.
  • GBP/JPY bulls need to breakout above 146.65 while bears need to breakout below 145.20 July 2 low to confirm the directionality of the pair.  

GBP/JPY 15-minute chart  

Spot rate:                  146.24
Relative change:        0.23%    
High:                         146.37
Low:                          145.57

Trend:                        Neutral

Resistance 1: 146.65 supply level
Resistance 2: 147.15 supply level
Resistance 3: 148.10 June’s high

Support 1: 146.00 figure
Support 2: 146.38 supply level
Support 3: 145.20 July 2 low
Support 4: 144.59 June 21 low
Support 5: 143.20 current 2018 low

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