GBP/JPY is trading near 145.50 before the UK markets open on Friday. The quote recently took a U-turn from 5-week long ascending trend-line and may rise to 145.90 ahead of aiming the 23.6% Fibonacci retracement of mid-January to March upside, at 146.15. Should the pair manage to clear 146.15, 147.00 and an immediate downward sloping trend-line at 147.70 could lure buyers. Also, pair’s sustained rise past-147.70 can help it aim for 148.90, 149.00 and 61.8% Fibonacci expansion (FE) level near 150.00. Alternatively, pair’s break of adjacent support and a consecutive slide beneath 144.70 becomes pre-requisite for sellers to slip in while looking for 143.70. In a case where prices keep declining under 143.70, 50% Fibonacci retracement level of 143.00, followed by 142.45 and 141.70, can please bears. GBP/JPY 4-Hour chart 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 BoE: No fireworks offered – Rabobank FX Street 4 years GBP/JPY is trading near 145.50 before the UK markets open on Friday. The quote recently took a U-turn from 5-week long ascending trend-line and may rise to 145.90 ahead of aiming the 23.6% Fibonacci retracement of mid-January to March upside, at 146.15. Should the pair manage to clear 146.15, 147.00 and an immediate downward sloping trend-line at 147.70 could lure buyers. Also, pair's sustained rise past-147.70 can help it aim for 148.90, 149.00 and 61.8% Fibonacci expansion (FE) level near 150.00. Alternatively, pair's break of adjacent support and a consecutive slide beneath 144.70 becomes pre-requisite for sellers to slip in… 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.
