“¢ The post-BoE upsurge pauses near a confluence resistance comprising of 200-hour SMA and 50% Fibonacci retracement level of the 147.85-144.39 recent downfall. “¢ Short-term technical indicators have gradually started moving into positive territory and increase prospects for a follow-through bullish momentum. “¢ On a sustained weakness back below a confluence support marked by 38.2% Fibonacci retracement level and 100-hour SMA would negate the near-term bullish outlook. GBP/JPY 1-hourly chart Current Price: 146.08 Daily Low: 144.59 Daily High: 146.22 Trend: Bullish Resistance R1: 146.45-50 (61.8% Fibo. level) R2: 146.86 (R3 daily pivot-point) R3: 147.00 (round figure mark and weekly high) Support S1: 145.70-65 (100-period SMA H1 & 38.2% Fibo. level) S2: 145.20 (daily pivot-point) S3: 144.59 (current/previous day swing low) 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 Dash to launch state of the art DashCopay wallet app in the wake of AloGateway partnership: Dash price still range-bound FX Street 5 years "¢ The post-BoE upsurge pauses near a confluence resistance comprising of 200-hour SMA and 50% Fibonacci retracement level of the 147.85-144.39 recent downfall. "¢ Short-term technical indicators have gradually started moving into positive territory and increase prospects for a follow-through bullish momentum. "¢ On a sustained weakness back below a confluence support marked by 38.2% Fibonacci retracement level and 100-hour SMA would negate the near-term bullish outlook. GBP/JPY 1-hourly chart Current Price: 146.08 Daily Low: 144.59 Daily High: 146.22 Trend: Bullish Resistance R1: 146.45-50 (61.8% Fibo. level) R2: 146.86 (R3 daily pivot-point) R3: 147.00… 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.
