- 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