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  • GBP/JPY trades near 147.15 during early Thursday.
  • The quote took a U-turn from upper-line of a weeklong downward sloping trend-channel, at 147.25, which in-turn signal brighter chances of its pullback to 147.00.
  • However, 38.2% Fibonacci retracement of its February 22 to March 01 moves, at 146.70, could limit the declines, if not then 146.40 and channel support figure of 146.00 might grab the spotlight.
  • If at all prices rally beyond 147.25, 148.00 and 148.30 may appear on the chart.
  • During the pair’s additional increase past-148.30, current month high near 148.55 and 61.8% Fibonacci expansion (FE) level, at 149.20, can lure the buyers.

GBP/JPY hourly chart

Additional important levels:

Overview:
       Today Last Price:  147.18
       Today Daily change:  -9  pips
       Today Daily change %:  -0.06%
       Today Daily Open:  147.27
Trends:
       Daily SMA20:  144.66
       Daily SMA50:  142.38
       Daily SMA100:  143.46
       Daily SMA200:  144.67
Levels:
       Previous Daily High:  147.48
       Previous Daily Low:  146.69
       Previous Weekly High:  148.58
       Previous Weekly Low:  144.46
       Previous Monthly High:  148.28
       Previous Monthly Low:  141.01
       Daily Fibonacci 38.2%:  146.99
       Daily Fibonacci 61.8%:  147.18
       Daily Pivot Point S1:  146.81
       Daily Pivot Point S2:  146.36
       Daily Pivot Point S3:  146.03
       Daily Pivot Point R1:  147.6
       Daily Pivot Point R2:  147.93
       Daily Pivot Point R3:  148.38