- The rising trendline continues to bolster prices higher, but bullish momentum remains capped at last technical top.
- A positive beat to CPI figures for the UK on Wednesday will see the pair break into new highs.
- Brexit voting in UK parliament has gone to PM Theresa May so far.
GBP/JPY Chart, 1-Hour
Spot rate: 147.87
Relative change: 0.21%
Support 1: 147.15 (Wednesday low)
Support 2: 146.52 (current week low)
Support 3: 146.24 (1-week Fibonacci retracement level)
Resistance 1: 148.11 (technical top; two-week high)
Resistance 2: 149.13 (61.8% Fibonacci expansion level)
Resistance 3: 150.00 (previous month's high; major psychological handle)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.