The GBP/JPY pair is on bids around 147.80 during early Wednesday. A week-long triangle formation limits the moves between 147.50 support and 148.00 resistance. Should the pair rallies beyond 148.00 resistance, 148.40 and current month high around 148.90 can come back on the chart. Though, pair’s rise past-148.90, also clearing the 149.00, could help prices to aim for 61.8% Fibonacci expansion (FE) of March 12-18 moves at 149.70 followed by 150.00 round-figure. In a case where the quote slips under 147.50 support, 146.70 and 50% Fibonacci retracement around 146.30 may become sellers’ favorites. Also, pair’s sustained downturn beneath 146.30 might not hesitate to drag it towards 145.30, 145.00, 144.80 and 143.70 consecutive supports. GBP/JPY hourly chart 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 BCH/USD Market Overview: Market in the process of consolidation as it gets ready for a breakout FX Street 4 years The GBP/JPY pair is on bids around 147.80 during early Wednesday. A week-long triangle formation limits the moves between 147.50 support and 148.00 resistance. Should the pair rallies beyond 148.00 resistance, 148.40 and current month high around 148.90 can come back on the chart. Though, pair's rise past-148.90, also clearing the 149.00, could help prices to aim for 61.8% Fibonacci expansion (FE) of March 12-18 moves at 149.70 followed by 150.00 round-figure. In a case where the quote slips under 147.50 support, 146.70 and 50% Fibonacci retracement around 146.30 may become sellers' favorites. Also, pair's sustained downturn beneath 146.30 might… 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.
