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   “¢   After yesterday’s good two-way price action, the cross regained positive traction and was now seen making a fresh attempt to build on the momentum beyond 100-hour SMA.

   “¢   Technical indicators on the mentioned chart have also started moving into positive territory and support prospects for an extension of the intraday positive momentum.  

   “¢   A follow-through buying beyond a short-term ascending trend-line resistance will reinforce the constructive outlook and assist the cross to make it through the 144.40 supply zone.

   “¢   Meanwhile, the downside now seems more likely to find decent support and limited by a short-term ascending trend-line support, currently near the 143.30 region.


GBP/JPY 1-hourly chart

GBP/JPY

Overview:
       Last Price:  144.07
       Daily change:  32  pips
       Daily change:  0.223%
       Daily Open:  143.75
Trends:
       Daily SMA20:  146.74
       Daily SMA50:  146.1
       Daily SMA100:  145.71
       Daily SMA200:  147.68
Levels:
       Daily High:  144.4
       Daily Low:  143.22
       Weekly High:  147.59
       Weekly Low:  142.78
       Monthly High:  149.72
       Monthly Low:  142.6
       Daily Fibonacci 38.2%:  143.67
       Daily Fibonacci 61.8%:  143.95
       Daily Pivot Point S1:  143.18
       Daily Pivot Point S2:  142.61
       Daily Pivot Point S3:  142
       Daily Pivot Point R1:  144.36
       Daily Pivot Point R2:  144.97
       Daily Pivot Point R3:  145.54