“¢ News of the UK PM Theresa May’s defeat over a new customs deal prompted some aggressive GBP selling over the past couple of hours. “¢ The cross reverses UK jobs data-led uptick back closer to near two-month tops and has now dropped to test the very important 100-hour SMA support. “¢ The mentioned support has been held since the beginning of this month and a follow-through selling might now mark the end of recent up-move witnessed over the past three-week. “¢ On the 1-hourly chart, technical indicators have also started losing positive momentum and thus, add credence to a possible near-term bearish outlook. GBP/JPY 1-hourly chart Spot rate: 148.49 Daily High: 149.09 Trend: Turning bearish Resistance levels R1: 149.09 (current day swing high) R2: 149.56 (200-day SMA) R3: 150.07 (R3 daily pivot-point) Support levels S1: 148.24 (S1 daily pivot-point) S2: 148.00 (round figure mark) S3: 147.65 (200-period SMA H1) 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 Putin and Trump: Enemies, allies or competitors? – Nordea Markets FX Street 5 years "¢ News of the UK PM Theresa May's defeat over a new customs deal prompted some aggressive GBP selling over the past couple of hours. "¢ The cross reverses UK jobs data-led uptick back closer to near two-month tops and has now dropped to test the very important 100-hour SMA support. "¢ The mentioned support has been held since the beginning of this month and a follow-through selling might now mark the end of recent up-move witnessed over the past three-week. "¢ On the 1-hourly chart, technical indicators have also started… 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.
