Denis Joeli Fatiaki
Independent Analyst
GBP/JPY: British Pound bounced at 144.730 and attempted to head back up at 145.000
What is going on now with GBP/JPY?
GBP/JPY: The British Pound failed at its 500 EMA at 145.850 in yesterdays trades and fell to 145.350 support. The pair continued its down run in the 60 minutes price chart during the overnight session and managed to find support at 144.475.
Our forecast
GBP/JPY: The Pound bounced at 144.730 support and drove prices up to 145.000 in today's session. The pair has been floating around 145.000 resistance in the 60 minutes price chart for the past 12 hours and needed to break this barrier to continue to 145.350. The Pound could fall to 144.730 and 144.475 if it fails to continue at 145.000
Support/ Short-144.730, 144.475, and 144.150
Resistance/ Long - 145.000, 145.350, and 145.850
Our trade signals are posted on to our Telegram channel on a regular basis as per the link below.
https://t.me/leoprimefx
Chart 1: The short-term view of the GBP/JPY price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points
Chart 2: The short-term view of the GBP/JPY price action in the four hours price chart highlights the direction of the trend and the support and resistance price points
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