- The Sterling looks to have made a temporary bottom on the Guppy pair from 145.25, but failure to break beyond the previous swing high level near 146.40 will see a continuation of the ongoing bearish trend.
- June's lows sit near 143.75, with the current year's lows not far away at 143.20, and GBP buyers have their work cut out for them to make bullish work in a week that sees both BoJ and BoE action slated for the calendar.
GBP/JPY Chart, 15-Minute
|Trend:||Flat to bullish|
|Support 1:||145.29 (current day low)|
|Support 2:||145.26 (previous week low)|
|Support 3:||144.68 (June 25th swing low)|
|Resistance 1:||145.70 (Friday high)|
|Resistance 2:||146.51 (previous week high)|
|Resistance 3:||146.80 (38.2% Fibo retracement level)|
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