GBP/JPY pair is currently trading at 148.27, having persistently defended 147.66 (23.6% Fib R of 143.72/148.78) over the second half of the last week. 4-hour chart As seen above, the pair defended the key Fib level with long-tailed doji candles – a sign of dip demand. So far, however, the bounce has been shallow. That said, a bearish reversal on the 4-hour chart would be confirmed if and when the pair finds acceptance under 147.66. That would expose the support at 144.73 – trendline connecting the Jan. 4 and Feb. 15 lows. Also note, that the rising trendline support would shift to 145.00 and above in the next few days. Trend: Bearish below 147.66 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 GBP/USD: Buyers and sellers jostle around Brexit reports, Fed expectations near 1.3300 FX Street 4 years GBP/JPY pair is currently trading at 148.27, having persistently defended 147.66 (23.6% Fib R of 143.72/148.78) over the second half of the last week. 4-hour chart As seen above, the pair defended the key Fib level with long-tailed doji candles - a sign of dip demand. So far, however, the bounce has been shallow. That said, a bearish reversal on the 4-hour chart would be confirmed if and when the pair finds acceptance under 147.66. That would expose the support at 144.73 - trendline connecting the Jan. 4 and Feb. 15 lows. Also note, that the rising trendline… 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.
