GBP/JPY Technical Analysis: Guppy finds support near 148.50 level

  • After losing 210 pips on Monday GBP/JPY recouped most of its losses by Friday. 
  • GBP bulls have currently found support near the 148.50 level as they are eyeing the 147.15 supply level. 
GBP/JPY 15-minute chart


Spot rate:                  148.86
Relative change:       0.19%    
High:                         146.65
Low:                          145.46
Trend:                        Bullish
Resistance 1: 146.65 current Friday’s high
Resistance 2: 147.15 supply level
Resistance 3: 148.10 June’s high
Support 1: 145.46 current Friday’s low
Support 2: 144.59 June 21 low
Support 3: 143.20, current 2018 low

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