“¢ The cross extended this week’s bearish break below a short-term ascending trend-line support and is currently placed at fresh YTD lows, just above the 143.00 handle.
“¢ A combination of negative factors, ranging from growing fears of a no-deal Brexit and reviving safe-haven demand kept exerting downward pressure for the sixth consecutive session.
“¢ With short-term technical indicators picking up negative momentum, a follow-through weakness below the 143.00 handle seems to open room for a continuation of the near-term bearish trajectory.
GBP/JPY daily chart
Spot rate: 143.25
Daily High: 144.28
Trend: Bearish
Resistance
R1: 143.81 (overnight swing low)
R2: 144.12 (daily pivot-point)
R3: 144.44 (R1 daily pivot-point)
Support
S1: 142.97 (S2 monthly pivot-point)
S2: 142.40 (horizontal zone)
S3: 142.00 (round figure mark)
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