Sterling in a bullish triangle against the Yen as higher lows squeeze the pair against current key resistance. Hourly indicators are middling as the pair loses directional momentum. Traders will want to wait for a confirmation following a break to either side of the triangle. GBP/JPY Chart, 1-Hour Spot rate: 146.17 Relative change: 0.14% High: 146.21 Low: 145.82 Trend: Bearish to flat Support 1: 145.56 (previous day low) Support 2: 145.18 (current week low) Support 3: 143.77 (previous week low; technical bottom) Resistance 1: 146.48 (current week high) Resistance 2: 148.11 (June high) Resistance 3: 150.00 (May high; key level) 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 USD/CNY fix projection: 6.6173 – Nomura FX Street 3 years Sterling in a bullish triangle against the Yen as higher lows squeeze the pair against current key resistance. Hourly indicators are middling as the pair loses directional momentum. Traders will want to wait for a confirmation following a break to either side of the triangle. GBP/JPY Chart, 1-Hour Spot rate: 146.17 Relative change: 0.14% High: 146.21 Low: 145.82 Trend: Bearish to flat Support 1: 145.56 (previous day low) Support 2: 145.18 (current week low) Support 3: 143.77 (previous week low; technical bottom) Resistance 1: 146.48… Top 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.
