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4 Jul 2018
GBP/JPY Technical Analysis: Guppy undecided for the third day in a row
- GBP/JPY is trading near daily highs near the 146.65 supply level, still within the range of the last two days.
- GBP/JPY bulls need to breakout above 146.65 while bears need to breakout below 145.20 July 2 low to confirm the directionality of the pair.
GBP/JPY 15-minute chart
Spot rate: 146.24
Relative change: 0.23%
High: 146.37
Low: 145.57
Trend: Neutral
Resistance 1: 146.65 swing high
Resistance 2: 147.15 supply level
Resistance 3: 148.10 June’s high
Support 1: 146.00 figure
Support 2: 146.38 supply level
Support 3: 145.20 July 2 low
Support 4: 144.59 June 21 low
Support 5: 143.20 current 2018 low