Technical analytics

GBP/JPY

The Wednesday’s rebound stalled at 145.00 where the pair found fresh bids and jumped back to the recent highs. Buyers reclaimed the 146.00 hurdle and advanced up to 147.00 after that. The resistance lies at 147.00, the support is at 146.00.

The upward trajectory is likely to be continued. We may see a test of the 147.50 hurdle soon.

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