GBP/JPY Technical Analysis: Risk flows leave bearish trend intact
|- The GBP/JPY's technical bounce from Tuesday's low is already facing challenges.
- Sterling is steeply off of early June's levels as the bearish run accelerates.
- Lack of impactful economic data for the GBP ahead of Thursday's BoE rate call leaves market sentiment in control.
GBP/JPY Chart, 1-Hour
Spot rate: 144.63
Relative change: -0.23%
High: 144.95
Low: 144.58
Trend: Bearish
Support 1: 144.38 (current week low)
Support 2: 143.80 (61.8% Fibo expansion level)
Support 3: 143.19 (May low)
Resistance 1: 144.95 (current day high, major technical level)
Resistance 2: 145.70 (38.2% Fibo retracement level)
Resistance 3: 147.98 (previous week high)
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