GBP/JPY remains under its ascending triangle breakdown area as it trades near 145.50 during early Friday. Pair’s break of three-week of upward sloping trend-line confirmed short-term ascending triangle break on Thursday, which in turn signals further downside to 144.85 and 144.60. However, 144.80/70 region comprising lows marked since February 22 could restrict the quote’s declines past-144.60, if not then 143.00 and 142.50 should gain bears’ attention. On the flipside, pair’s break of 145.70 support-turned-resistance can help it challenge 146.30 ahead of confronting 147.00 mark including multiple highs and low since March 18 and 23.6% Fibonacci retracement of February 15 to March 14 upside. If prices rally beyond 147.00, 147.50, 148.10 and 148.55 can offer intermediate halts during the rise towards March month high near 148.85. GBP/JPY 4-Hour chart Trend: Bearish 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 EUR/JPY Technical Analysis: 125.50 is the level to beat for bears FX Street 4 years GBP/JPY remains under its ascending triangle breakdown area as it trades near 145.50 during early Friday. Pair's break of three-week of upward sloping trend-line confirmed short-term ascending triangle break on Thursday, which in turn signals further downside to 144.85 and 144.60. However, 144.80/70 region comprising lows marked since February 22 could restrict the quote's declines past-144.60, if not then 143.00 and 142.50 should gain bears' attention. On the flipside, pair's break of 145.70 support-turned-resistance can help it challenge 146.30 ahead of confronting 147.00 mark including multiple highs and low since March 18 and 23.6% Fibonacci retracement of February 15… 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.
