“¢ The cross extended overnight downfall from 50% Fibonacci retracement level of the 149.04-145.27 recent downfall and the post-BoE uptick quickly ran out of steam near 200-period SMA on the 4-hourly chart. “¢ Technical indicators have started losing positive momentum and thus, increase prospects for a follow-through downfall towards testing a support marked by a short-term ascending trend-channel formation. GBP/JPY 4-hourly chart Spot rate: 146.00 Daily High: 146.67 Daily Low: 145.70 Trend: Neutral Resistance R1: 146.37 (200-period SMA H1) R2: 146.67 (current day swing high) R3: 147.00 (round figure mark) Support S1: 145.70 (current day swing low) S2: 145.40 (ascending trend-channel support) S3: 145.00 (round figure mark) 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 Carney speech: BoE is well prepared for whatever path the economy takes FX Street 5 years "¢ The cross extended overnight downfall from 50% Fibonacci retracement level of the 149.04-145.27 recent downfall and the post-BoE uptick quickly ran out of steam near 200-period SMA on the 4-hourly chart. "¢ Technical indicators have started losing positive momentum and thus, increase prospects for a follow-through downfall towards testing a support marked by a short-term ascending trend-channel formation. GBP/JPY 4-hourly chart Spot rate: 146.00 Daily High: 146.67 Daily Low: 145.70 Trend: Neutral Resistance R1: 146.37 (200-period SMA H1) R2: 146.67 (current day swing high) R3: 147.00 (round figure mark) Support S1: 145.70 (current… Regulated 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.
