Search ForexCrunch
  • The Sterling is stuck in a rough sideways pattern against the safe-haven Yen and is currently knocking into an intraday support zone, though swing levels abound and an exit from the current ranges will need a confirmation before deciding directionality.
  • Brexit headlines have been thin since Prime Minister Theresa May took over negotiations for a smooth exit from the EU, but a lack of forward momentum on negotiations recently has been a weight on Pound.

GBP/JPY Chart, 15-Minute

Spot rate:   145.75
Relative change:   Negligible
High:   145.80
Low:   145.71
Trend:   Flat
Support 1:   145.45 (previous week low)
Support 2:   145.17 (July 2nd swing low)
Support 3:   143.76 (late June swing low)
Resistance 1:   146.50 (current week high)
Resistance 2:   147.83 (61.8% Fibo retracement level)
Resistance 3:   149.30 (one month high)