“¢ The cross seems to be forming a bearish Head & Shoulders chart pattern on the 1-hourly chart, with neckline support near the 144.75 region. “¢ The fact that any up-move beyond 200-hour SMA is being sold into adds credence to increasing selling interest at higher levels. “¢ Short-term technical indicators have struggled to move back in positive territory and further reinforce the bearish chart pattern formation. “¢ A sustained move beyond mid-146.00s would now be needed to negate prospects for any further near-term downside. GBP/JPY 1-hourly chart Current Price: 145.22 Daily High: 145.80 Daily Low: 144.97 Trend: Turning Bearish Resistance R1: 145.55 (daily pivot-point) R2: 145.89 (200-period SMA H1) R3: 146.19 (overnight swing high) Support S1: 144.97 (current day swing low) S2: 144.75 (bearish H&S neckline) S3: 144.06 (S2 daily pivot-point) 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 USD/CAD recovery extends beyond the 1.3300 handle FX Street 3 years "¢ The cross seems to be forming a bearish Head & Shoulders chart pattern on the 1-hourly chart, with neckline support near the 144.75 region. "¢ The fact that any up-move beyond 200-hour SMA is being sold into adds credence to increasing selling interest at higher levels. "¢ Short-term technical indicators have struggled to move back in positive territory and further reinforce the bearish chart pattern formation. "¢ A sustained move beyond mid-146.00s would now be needed to negate prospects for any further near-term downside. GBP/JPY 1-hourly chart Current Price: 145.22 Daily… Top 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.
