GBP/JPY Technical Analysis: Bearish trend remains intact as risk flows continue

• The GBP/JPY's technical bounce from Tuesday's low is already facing challenges.
• Sterling is steeply off of early June's levels as the bearish run accelerates.
• Lack of impactful economic data for the GBP ahead of Thursday's BoE rate call leaves market sentiment in control.

GBP/JPY Chart, 1-Hour

Spot rate:             144.63
Relative change: -0.23%
High:                    144.95
Low:                     144.58

Trend:                  Bearish

Support 1:           144.38 (current week low)
Support 2:           143.80 (61.8% Fibo expansion level)
Support 3:           143.19 (May low)

Resistance 1:      144.95 (current day high, major technical level)
Resistance 2:      145.70 (38.2% Fibo retracement level)
Resistance 3:      147.98 (previous week high)