Repeated failures to slip beneath horizontal support and oversold RSI favor the pair’s pullback moves. 10-day old trend-line resistance can cap the recovery. GBP/JPY is on the bids around 144.15 ahead of the UK open on Friday. The pair again bounced off the 143.80/70 support-zone including lows since February 22. Considering the recent bounce and the oversold conditions of 14-bar relative strength index (RSI), the quote is more likely to revisit 144.25/30 immediate resistance. However, a downward sloping trend-line since mid-April could question the recovery around 144.60. Given the pair’s ability to cross 144.60, 145.00, 145.50 and 146.30 can entertain buyers while 147.00/05 could challenge them afterward. On the downside break of 143.70, 143.00 and 142.45 could quickly appear on the chart whereas 142.00 could flash on sellers’ mind then after. Additionally, 141.50 and 141.00 might prove their worth as supports past-142.00 and prior to 140.00 round-figure. GBP/JPY 4-Hour chart Trend: Pullback expected 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 EUR/USD appears sidelined below 1.1140 ahead of US data FX Street 4 years Repeated failures to slip beneath horizontal support and oversold RSI favor the pair's pullback moves. 10-day old trend-line resistance can cap the recovery. GBP/JPY is on the bids around 144.15 ahead of the UK open on Friday. The pair again bounced off the 143.80/70 support-zone including lows since February 22. Considering the recent bounce and the oversold conditions of 14-bar relative strength index (RSI), the quote is more likely to revisit 144.25/30 immediate resistance. However, a downward sloping trend-line since mid-April could question the recovery around 144.60. Given the pair's ability to cross 144.60, 145.00, 145.50 and 146.30 can entertain… 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.
