Technical analytics

GBP/JPY

The pound keeps trading within a positive territory on Tuesday. Sellers’ attempt to lower the price was stopped in the night. The pound remained at 148.00 and spent the whole day at the level. The resistance lies at 149.00, the support is at 148.00.

GBP/JPY is having difficulties to go any higher. The price may rebound now from the upper boundary of the descending channel and edge lower. In this scenario, sellers may drag the price to 147.00.

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