Daily Time Frame:
In the early february, GBPJPY Experiencing a long bearish movement after the UK PM Theresa May’s government suffered yet another blow when the British Parliament rejected the revised Brexit deal on Thursday, Pound bounces back forming a new low near 141.300 region as a result of positive UK monthly retail sales growth. Following up with reversal side, GBPJPY tried to manage till the last high at 144.840 region last night, but failed to do so, giving way for the bears. GBPJPY failed to break the strong support turned resistance at 144.500 for the second time in today’s early assisan session.

Hourly Time Frame:
On the 1hr hart, as of writing, the bears are struggling for the past few hours to break the 144.250- .300 region. A break through below this hourly support which is expected in the later Weekend sessions, will lead the bears to flow to 143.00 and further to test the last low at 141.00 region. On the other side, surpassing the 144.800 region, the market may turn in the favor of the bulls, boosting up forming new high to extend its flow till 146.00.

Main regions to watch.
GBPJPY if expected to break below the current barrier at 144.250, may lead up to a reversal at 0.382-0.50 Fibonacci level at 143.800 forming a support to move further upside building up new highs. Breaking the hourly barriers below 144.350 will continue its bearish flow till 141.000.

GBPJPY TODAY:
Daily open: 144.284
Daily Last high: 144.512
Daily Last Low: 144.154
Daily current growth: -0.02%