- The Sterling is stepping lower in early Friday trading following Trump comments that a hard Brexit is the only way to salvage trade deals with the US.
- Higher timeframes have the Guppy bouncing from a double bottom near 143.75,
- Broader markets are recovering from rising trade tensions, but risk aversion remains close to the surface.
GBP/JPY Chart, 15-Minute
|Trend:||Rolling over into bearish|
|Support 1:||147.76 (previous day low)|
|Support 2:||146.92 (38.2% Fibo retracement level)|
|Support 3:||146.02 (current week low)|
|Resistance 1:||148.88 (current week high)|
|Resistance 2:||150.00 (major technical barrier; round figure)|
|Resistance 3:||150.62 (May swing high)|
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