“¢ A positive outcome from a crucial Brexit meeting on Friday underpinned the British Pound, which coupled with fading safe-haven demand kept pushing the cross higher at the start of a new trading week. “¢ The cross has been climbing alongside an ascending trend-line on the 4-hourly chart and was now seen building on last week’s bullish breakthrough 200-period SMA, for the first time since late-April. “¢ With technical indicators on the mentioned chart holding in positive territory, the cross seems all set to extend the momentum further towards an important horizontal hurdle. GBP/JPY 4-hourly chart Spot Rate: 147.33 Daily High: 147.44 Daily Low: 146.60 Trend: Bullish Resistance R1: 147.90 (R3 daily pivot-point) R2: 148.12 (June monthly swing high) R3: 148.75 (horizontal zone) Support S1: 147.03 (weekly bullish gap opening level) S2: 146.60 (current day swing low) S3: 146.26 (S1 daily pivot-point) 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 Bitcoin Cash price analysis: BCH/USD still range-bound, but embracing moving average support FX Street 3 years "¢ A positive outcome from a crucial Brexit meeting on Friday underpinned the British Pound, which coupled with fading safe-haven demand kept pushing the cross higher at the start of a new trading week. "¢ The cross has been climbing alongside an ascending trend-line on the 4-hourly chart and was now seen building on last week's bullish breakthrough 200-period SMA, for the first time since late-April. "¢ With technical indicators on the mentioned chart holding in positive territory, the cross seems all set to extend the momentum further towards an important horizontal hurdle.… Top 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.
