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   “¢   Over the past 24-hours or so, the cross has been steadily moving higher along an ascending trend-line but lacked any strong follow-through beyond 50-hour SMA.

   “¢   Technical indicators on hourly charts have recovered from the negative territory and also started gaining positive momentum, supporting prospects for further intraday gains.

   “¢   However, oscillators on the daily chart maintain their bearish bias and hence, any further up-move might continue to confront some fresh supply near the 145.50-60 region.

   “¢   Alternatively, a convincing break below the mentioned trend-line support, near the 145.00 handle, might negate the positive outlook and prompt some fresh technical selling.
 

GBP/JPY 1-hourly chart

GBP/JPY

Overview:
       Today Last Price:  145.23
       Today Daily change:  35  pips
       Today Daily change %:  0.242%
       Today Daily Open:  144.88
Trends:
       Previous Daily SMA20:  146.22
       Previous Daily SMA50:  146.82
       Previous Daily SMA100:  145.74
       Previous Daily SMA200:  147.03
Levels:
       Previous Daily High:  145.74
       Previous Daily Low:  144.59
       Previous Weekly High:  145.96
       Previous Weekly Low:  144.01
       Previous Monthly High:  149.52
       Previous Monthly Low:  142.78
       Previous Daily Fibonacci 38.2%:  145.03
       Previous Daily Fibonacci 61.8%:  145.3
       Previous Daily Pivot Point S1:  144.4
       Previous Daily Pivot Point S2:  143.92
       Previous Daily Pivot Point S3:  143.25
       Previous Daily Pivot Point R1:  145.55
       Previous Daily Pivot Point R2:  146.22
       Previous Daily Pivot Point R3:  146.7