Sterling back on the rise against the Japanese Yen as market tensions see bullish traders looking to step back into markets after this week’s tariff announcements. The Guppy is continuing to push off from the last technical low set three weeks ago, but stiff resistance waits close by, and bulls will have to push past June’s highs to keep the bull trend on track. The pair broke the descending trendline last week, giving impetus for traders to add to long positions. GBP/JPY Chart, 15-Minute Spot rate: 148.00 Relative change: 0.13% High: 148.09 Low: 147.76 Trend: Bullish Support 1: 147.76 (current day low) Support 2: 146.45 (38.2% Fibo retracement level) Support 3: 145.42 (61.8% Fibo retracement level) Resistance 1: 148.12 (current week high) Resistance 2: 148.68 (100.0% Fibo expansion level) Resistance 3: 149.71 (June 22nd 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 USD/CNH: Above 6.70, It’s golden cross vs overbought conditions FX Street 3 years Sterling back on the rise against the Japanese Yen as market tensions see bullish traders looking to step back into markets after this week's tariff announcements. The Guppy is continuing to push off from the last technical low set three weeks ago, but stiff resistance waits close by, and bulls will have to push past June's highs to keep the bull trend on track. The pair broke the descending trendline last week, giving impetus for traders to add to long positions. GBP/JPY Chart, 15-Minute Spot rate: 148.00 Relative change: 0.13% High: 148.09 Low: 147.76 … 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.
