GBP/JPY Technical Analysis: Guppy approaching June’s high at 148.10 level

GBP/JPY is grinding higher and is about to challenge June’s high at the 148.10 level.
A breakout above 148.10 can lead to an acceleration towards 150.00, June 7 swing high.
On the other hand, a rejection at 148.10 can lead to a rotation back towards the 146.00 figure.

Flavio Tosti Independent Analyst

GBP/JPY 15-minute chart

Spot rate: 147.63
Relative change: 0.46%
High: 147.79
Low: 146.80

Trend: Bullish

Resistance 1: 148.10 June’s high
Resistance 2: 150.00 June 7 swing high
Resistance 3: 150.69 April 20 swing low

Support 1: 147.15 intraday swing low
Support 2: 146.00 figure
Support 3: 145.20 July 2 low
Support 4: 144.59 June 21 low
Support 5: 143.20 current 2018 low

Author

Flavio Tosti

Independent Analyst

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