- The Sterling caught a ride on rising hopes of a soft Brexit scenario, but roadblocks still remain for an EU-UK agreement.
- The rapid rise yesterday helped to bolster the Guppy back into bullish continuation territory, and buyers will be looking to keep the pair rising.
- Failure to develop a meaningful recovery will leave the pair primed for a further fall as swing highs continue to print in a descending pattern in the mid-term.
GBP/JPY Chart, 15-Minute
|Support 1:||143.77 (38.2% one-week Fibo resistance-turned-support)|
|Support 2:||143.44 (current week open)|
|Support 3:||142.59 (current week low)|
|Resistance 1:||144.50 (61.8% one-week Fibo level)|
|Resistance 2:||145.00 (major technical level)|
|Resistance 3:||145.68 (current week high)|