Bulls have taken the lead as they broke above the key 149.98 level which is the swing low established on March 2. This Friday is the best daily advance since March 26. GBP/JPY bullish momentum is strong, buyers will likely set their eyes on 148.76 which is the low established on May 22. Since the currency cross is still technically in a bear trend it is reasonable to expect pullbacks, probably to the 143.30 level which is May 31 high. GBP/JPY daily chart Spot rate: 146.13 Relative change: 1.00% High: 146.31 Low: 144.49 Trend: Bullish Support 1: 145.31 May 31 high Support 2: 144.12 May 31 low Support 3: 143.18 current 2018 low Resistance 1: 147.05 May 8 low Resistance 2: 150.01 May 18 high Resistance 3: 152.73 April 26 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 Fed’s Williams: Fed should continue with gradual rate increases over next two years FX Street 5 years Bulls have taken the lead as they broke above the key 149.98 level which is the swing low established on March 2. This Friday is the best daily advance since March 26. GBP/JPY bullish momentum is strong, buyers will likely set their eyes on 148.76 which is the low established on May 22. Since the currency cross is still technically in a bear trend it is reasonable to expect pullbacks, probably to the 143.30 level which is May 31 high. GBP/JPY daily chart Spot rate: 146.13 Relative change: … 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.
