GBP/JPY extends pullback from a three-week top of 135.41. Overbought RSI stopped buyers from confirming a bullish chart formation. Sustained trading beyond 200-bar SMA signals further upside. GBP/JPY seesaws around 135.00 amid the pre-Tokyo open trading on Wednesday. The pair stepped back from a multi-day high after piercing the neckline of a short-term Head-and-Shoulders bullish technical formation on the four-hour chart the previous day. The reason could be traced from the RSI conditions. However, the pair successful trading above 200-bar SMA favors the buyers to again confront the 135.10 resistance line to confirm the upside-suggesting pattern. Following that, the mid-June top surrounding 136.40 might offer an intermediate halt during the pair’s rise towards the June month’s top near 139.75, closely followed by 140.00 psychological magnet. Alternatively, the pair’s declines below the 200-bar SMA level of 134.25 can recall a 133.70/60 support zone. In a case of the quote’s further weakness past-133.60, 133.00 might act as a buffer before diverting the bears towards 131.75, close to June 22 bottom. GBP/JPY four-hour chart Trend: Bullish 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 Cardano Market Analysis: ADA holders will be able to stake their coins through Coinbase Custody soon. ADA/USD flies above $0.11-level FX Street 3 years GBP/JPY extends pullback from a three-week top of 135.41. Overbought RSI stopped buyers from confirming a bullish chart formation. Sustained trading beyond 200-bar SMA signals further upside. GBP/JPY seesaws around 135.00 amid the pre-Tokyo open trading on Wednesday. The pair stepped back from a multi-day high after piercing the neckline of a short-term Head-and-Shoulders bullish technical formation on the four-hour chart the previous day. The reason could be traced from the RSI conditions. However, the pair successful trading above 200-bar SMA favors the buyers to again confront the 135.10 resistance line to confirm the upside-suggesting pattern. Following that, the mid-June… 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.