GBP/JPY Technical Analysis: Sterling rises on UK PM May’s Brexit statement

GBP/JPY daily chart
- GBP/JPY is consolidating above its 200-day simple moving averages (SMA).
- Brexit: UK PM May seeks out Corbyn to agree a plan.
- GBP/JPY is testing the 146.00 figure and the 200 SMA.
- GBP/JPY is trading above its main SMAs suggesting bullish momentum in the short-term.
- Bulls are looking at the 146.70 and 147.50 resistances.
- Supports are at 145.20, 144.60 and 144.05 level.
Author

Flavio Tosti
Independent Analyst




















