Technical analytics

GBP/JPY

The negative bias persists in the GBP/JPY pair. The pair was locked between 150.00 and 149.00 the night and the early morning. Sellers fought back control in the European session and pushed the spot lower. They broke 149.00 and led the pair downwards reaching 148.00 ahead of the NY opening. The resistance lies at 149.00, the support is at 148.00.

If we see a close below 148.00 we will sell the spot towards 147.00.

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