The GBP/JPY is seeing some bullish action this week, breaking out of last week’s highs, but is getting capped off by the 147.00 technical barrier. Bullish traders will be looking to make a recovery of momentum above the 146.00 level in order to make a firmer push higher off of the rising trendline on Daily candles. GBP/JPY Chart, 15-Minute Spot rate: 146.50 Relate change: Negligible High: 146.62 Low: 146.50 Trend: Sideways to bearish Support 1: 146.30 (previous day low) Support 2: 146.00 (major technical level) Support 3: 145.29 (current week low) Resistance 1: 146.81 (61.8% Fibo retracement level) Resistance 2: 147.13 (current week high) Resistance 3: 147.65 (July 18th swing high) 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 forex today: Fed a non event, signal Sep hike, market tone soured by trade-war risks FX Street 5 years The GBP/JPY is seeing some bullish action this week, breaking out of last week's highs, but is getting capped off by the 147.00 technical barrier. Bullish traders will be looking to make a recovery of momentum above the 146.00 level in order to make a firmer push higher off of the rising trendline on Daily candles. GBP/JPY Chart, 15-Minute Spot rate: 146.50 Relate change: Negligible High: 146.62 Low: 146.50 Trend: Sideways to bearish Support 1: 146.30 (previous day low) Support 2: 146.00 (major technical level) Support 3: 145.29… 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.
