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  • The Guppy pair is trading with eyes to the upside, but tariff action is seeing risk aversion lash out at riskier assets for Tuesday.
  • The GBP/JPY remains in a bullish upmove despite global market shudders as Sterling traders bulk up on hopes for a successful Brexit negotiation.
  • Long-term, the pair isn’t out of the woods yet, with long-sided moves getting capped by July’s peak, a lower high for the Guppy.

GBP/JPY Chart, 15-Minute

Spot rate 146.96
Relative change -0.14%
High 147.20
Low 146.78
   
Trend Bullish
   
Support 1 146.32 (previous day low)
Support 2 145.43 (200-hour EMA)
Support 3 144.78 (50-day EMA)
   
Resistance 1 147.46 (current week high)
Resistance 2 148.00 (major technical level)
Resistance 3 149.31 (July’s swing high)

 

Expert score

5

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