LeoPrime Daily Market Analysis

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GBPJPY clings at 145.500 region for the 2nd time.

GBPJPY rebounding at 143.760 last week, managed to surge above reaching 6-Days high at 145.600. GBPJPY bulls couldn’t break above the resistance in the early sessions as there was no much impact caused despite of 0.1 increase vs 53.00 expected in the UK PMI and broke the 1hr trendline below 145.500. In one hour time frame as of writing GBPJPY at 145.480, retested the trendline and the sellers will have a good short term opportunity, if the market favors in the side of the bears reaching the nest support at 145.00, 144.600 and further low at 144.100
In the other side, breaking above 145.500 may boost up the pair to reach the March 26th high near 146.500.

GBPJPY TODAY:
Daily open: 145.260
Daily Last high: 145.701
Daily Last Low: 145.181
Daily current growth: +0.17%

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