GBP/JPY daily chart GBP/JPY trades near 145.40 during early Tuesday. The pair continues to be supported by the 200-day simple moving average (SMA) on daily chart around 144.70 with 100-day SMA level of 143.75 offering follow-on support to watch. On the upside, a bit broader descending trend-line stretched since May 2018, at 149.30, becomes crucial for Bulls as it holds the gate for the quote’s rally to 150.00. GBP/JPY 4-Hour chart An upward sloping trend-line joining lows since February 19 and a descending resistance-line from March 14 together portray a short-term symmetrical triangle formation on the 4-hour chart between 144.60 and 147.30 area. However, 145.90 and 146.60 could act as buffer stops. Should the quote cross 147.30 resistance, it can rally to it mid-month high around 148.90 while 61.8% Fibonacci expansion (FE) of 149.90 can act as buffers prior to highlighting 150.00 mark. On the downside break of 144.60, 143.80 and 50% Fibonacci retracement near 143.10 could entertain sellers with 61.8% Fibonacci level of 141.80 and 141.00 likely to be on their list afterward. GBP/JPY hourly chart The 144.60-50 area acts as immediate support contrast to 145.90 being nearby resistance. Also, 146.10 can offer an intermediate halt between 145.90 and 146.60. 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 Bakkt Series A valuation estimated at $740 million FX Street 4 years GBP/JPY daily chart GBP/JPY trades near 145.40 during early Tuesday. The pair continues to be supported by the 200-day simple moving average (SMA) on daily chart around 144.70 with 100-day SMA level of 143.75 offering follow-on support to watch. On the upside, a bit broader descending trend-line stretched since May 2018, at 149.30, becomes crucial for Bulls as it holds the gate for the quote's rally to 150.00. GBP/JPY 4-Hour chart An upward sloping trend-line joining lows since February 19 and a descending resistance-line from March 14 together portray a short-term symmetrical triangle formation on the 4-hour chart between… 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.