Technical analytics



GBP/JPY found a strong support at the level of 149.00. Sellers tried to regain this level twice in the last week, but both attempts failed and the price pulled back after each attack. As we see sellers gathered enough steam during the night and are planning to attack the 149.00 mark again. The resistance lies at 150.00, the support is at 149.00.

The overall picture remained the same. The pound is heavily offered and may suffer new losses in the coming sessions. If sellers reclaim 149.00 they may drag the spot to 148.00.

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