Failure to cross 50-day SMA highlights 200-day SMA as important support. A month-old trend-line adds into the upside resistances. Following its pullback from 50-day SMA, GBP/JPY is on the rounds near 145.15 during early Tuesday. Given the quote manage to extend the latest U-turn, 145.70 can act as nearby resistance ahead of driving buyers to aim for 145.95 – 146.00 area including 50-day SMA. However, a five-week long descending trend-line at 146.50 may limit further advances past-146.00, if not then 147.00 could lure the bulls. On the flipside, the 144.55/45 region comprising 200-day simple moving average (SMA) and 38.2% Fibonacci retracement of its mid-January to March 14 upside seems immediate support for sellers to watch. If at all prices slip under 144.45, 100-day SMA level of 143.80 and 143.25 can play their role of support. GBP/JPY daily 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 Australia: Trade surplus strength continues – ANZ FX Street 3 years Failure to cross 50-day SMA highlights 200-day SMA as important support. A month-old trend-line adds into the upside resistances. Following its pullback from 50-day SMA, GBP/JPY is on the rounds near 145.15 during early Tuesday. Given the quote manage to extend the latest U-turn, 145.70 can act as nearby resistance ahead of driving buyers to aim for 145.95 - 146.00 area including 50-day SMA. However, a five-week long descending trend-line at 146.50 may limit further advances past-146.00, if not then 147.00 could lure the bulls. On the flipside, the 144.55/45 region comprising 200-day simple moving average (SMA) and 38.2% Fibonacci… 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.
