GBP/JPY Technical Analysis: clawing back over 144.00

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  • The GBP is looking for a bounce against the Japanese Yen, lifting from recent swing lows just beneath 84.00.
  • The rest of the week brings little meaningful data on the economic calendar, though Friday will be seeing GDP figures for the most recent month.

GBP/JPY Chart, 15-Minute

Spot rate:  144.12
Relative change:  Negligible
High:  144.15
Low:  144.04
   
Trend:  Sideways
   
Support 1:  144.00 (major technical level)
Support 2:  143.80 (current week low)
Support 3:  143.18 (2018 technical bottom)
   
Resistance 1:  144.72 (current week high)
Resistance 2:  145.86 (61.8% Fibo retracement level)
Resistance 3:  147.13 (previous week high)

 

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