GBP/JPY steps back from the top spot in four weeks. While overbought RSI conditions seem to have triggered the pullback, sellers will wait for entry below the resistance-turned-support. January high is on the bulls’ radars. GBP/JPY declines to 143.80 during the Asian session on Thursday. The pair recently took a U-turn from the monthly high amid overbought RSI conditions. Though, an upward sloping trend line from January 31 is still stopping the sellers. While the pair’s declines below 143.55 support line will further please the bears by offering 143.00 support, 61.8% Fibonacci retracement of the quote’s January month upside, around 142.30, becomes the key afterward. On the upside, 144.00 and the latest high, near 144.20, holds the gate for the pair’s run-up to the fresh yearly peak surrounding 144.60. It should, however, be noted that the quote’s sustained rise past-144.60 enables it to question December 13, 2019 low near 145.45. GBP/JPY four-hour chart Trend: Pullback expected FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Prediction: Having dropped BTC/USD below $10,000, will the bears now aim for $9,500? – Confluence Detector FX Street 2 years GBP/JPY steps back from the top spot in four weeks. While overbought RSI conditions seem to have triggered the pullback, sellers will wait for entry below the resistance-turned-support. January high is on the bulls’ radars. GBP/JPY declines to 143.80 during the Asian session on Thursday. The pair recently took a U-turn from the monthly high amid overbought RSI conditions. Though, an upward sloping trend line from January 31 is still stopping the sellers. While the pair’s declines below 143.55 support line will further please the bears by offering 143.00 support, 61.8% Fibonacci retracement of the quote’s January month upside, around… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
