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GBP/JPY Technical Analysis: Pound remains bearish below 145.00 handle

  • GBP/JPY bear trend is intact as it is trading below the key 144.98 swing low established on March 2.
  • However a  strong bull breakout above 144.98 could see bulls trying a reversal attempt and target the 146.20 supply level to the upside.

GBP/JPY 15-minute chart

Spot rate:                      144.60
Relative change:          -0.05%      
High:                            145.31
Low:                              144.12

Trend:                           Bearish

Support 1:                    144.12 current Thursday’s low                
Support 2:                  143.20 May 29 low                                
Support 3:                   141.19 September 5, 2017 low    

Resistance 1:                  144.98 March 2 swing low, key level
Resistance 2:                  146.20 key supply level                                  
Resistance 3:                  147.53 May 8 low

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