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  • Guppy knocking back on renewed risk aversion as US-China trade war ramps up.
  • Higher timeframes show the pair marking in higher highs, buyers likely to make a resurgence near Fibo retracement levels.
  • Tuesdays first-ever monthly GDP reading came in at expectations (0.3%), but Manufacturing and Industrial Production figures disappointed.

GBP/JPY Chart, 15-Minute

Spot rate:   147.02
Relative change:   -0.14%
High:   147.35
Low:   146.78
   
Trend:   Bullish
   
Support 1:   146.69 (61.8% Fibo retracement level)
Support 2:   146.02 (current week low)
Support 3:   145.18 (previous week low)
   
Resistance 1:   147.35 (current day low)
Resistance 2:   147.78 (current week high)
Resistance 3:   147.98 (June 12th swing high)