GBP/JPY has charted a pennant pattern on the 15-minute chart and is currently attempting an upside break. The top end of the pennant is located at 146.73 and the lower end is seen at 146.55. A break above 146.73 would signal a continuation of the rally from the previous day’s low of 145.37 and open the doors to a sustained move above 147.00. 15-min chart Spot Rate: 146.70 Daily High: 146.85 Daily Low: 146.52 Trend: Bullish continuation above 146.73 Resistance R1: 146.89 (20-day moving average) R2: 147.29 (50% Fibonacci retracement of the recent drop from the July 16 highs) R3: 147.76 (61.8 Fibonacci retracement of the recent drop from the July 16 highs) Support S1: 146.55 (lower end of the pennant) S2: 146.14 (10-day moving average) S3: 145.26 (July 30 low) 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 Asian stocks on the rise for Wednesday, but trade fears resume FX Street 5 years GBP/JPY has charted a pennant pattern on the 15-minute chart and is currently attempting an upside break. The top end of the pennant is located at 146.73 and the lower end is seen at 146.55. A break above 146.73 would signal a continuation of the rally from the previous day's low of 145.37 and open the doors to a sustained move above 147.00. 15-min chart Spot Rate: 146.70 Daily High: 146.85 Daily Low: 146.52 Trend: Bullish continuation above 146.73 Resistance R1: 146.89 (20-day moving average) R2: 147.29 (50% Fibonacci retracement of the recent drop from the July 16 highs) R3:… 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.
