GBP/JPY Technical Analysis: Guppy flirting with 148.00 level as UK MP are voting on Lords amendments to the EU withdrawal bill

  • GBP/JPY jumps almost 80 pips as it has been reported that UK Members of Parliament are voting on Lords amendments to the European Union withdrawal bill. Find more info here: Brexit: the 15 amendments in brief - TDS. 
  • Brexit: likelihood of key amendments passing - TDS. 
  • Brexit: FX market outlook & strategy looks to 0.8965 or 0.8700 - TDS.


GBP/JPY 15-minute chart

Spot rate:                  147.90
Relative change:       0.52%    
High:                         147.99
Low:                          147.12

Trend:                        Bullish

Resistance 1:            147.79-148.00 area, 200-period SMA (4h) and figure
Resistance 2:            149.00-149.17 area, figure and daily 50-period SMA  
Resistance 3:            149.71- 150.00 area, daily 200-period SMA and figure 

Support 1:                 146.57, 100-period SMA (4h)             
Support 2:                 146.09 May 6 swing low                           
Support 3:                 145.30 demand level

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GBP/USD testing the bear's commitments at 1.3420 as UK MPs vote on Lords amendments to the EU withdrawal bill

GBP/USD has rallied to test the bear's commitments at the top of the descending channel at resistance on the back of the government winning the third
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