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  • Sterling on the rise against the safe-haven Yen, though Monday’s early action on the slide.
  • Key UK personnel involved in Brexit are resigning from their positions for the new week as Brexiteer’s revolt against PM May’s new proposal.
  • Bullish momentum to remain capped until new headlines soothe Pound long concerns.

GBP/JPY Chart, 1-Hour

Spot rate:   146.79
Relative change:   -0.16%
High:   147.06
Low:   146.70
   
Trend:   Bullish
   
Support 1:   146.34 (38.2% Fibo retracement level)
Support 2:   146.03 (Friday low)
Support 3:   145.17 (previous week low)
   
Resistance 1:   147.06 (current day high)
Resistance 2:   147.98 (June 2018 high)
Resistance 3:   150.00 (key technical ceiling)