18 Sep 2018
GBP/JPY Technical Analysis: holding steady near 147.00
- The Guppy pair is trading with eyes to the upside, but tariff action is seeing risk aversion lash out at riskier assets for Tuesday.
- The GBP/JPY remains in a bullish upmove despite global market shudders as Sterling traders bulk up on hopes for a successful Brexit negotiation.
- Long-term, the pair isn't out of the woods yet, with long-sided moves getting capped by July's peak, a lower high for the Guppy.
GBP/JPY Chart, 15-Minute
| Spot rate | 146.96 |
| Relative change | -0.14% |
| High | 147.20 |
| Low | 146.78 |
| Trend | Bullish |
| Support 1 | 146.32 (previous day low) |
| Support 2 | 145.43 (200-hour EMA) |
| Support 3 | 144.78 (50-day EMA) |
| Resistance 1 | 147.46 (current week high) |
| Resistance 2 | 148.00 (major technical level) |
| Resistance 3 | 149.31 (July's swing high) |