GBP/JPY Technical Analysis: Sterling refreshing daily highs against Japanse Yen near 146.00 handle

GBP/JPY daily chart

• GBP/JPY is trading in a bull trend above its main simple moving averages (SMAs). 

GBP/JPY 4-hour chart

• GBP/JPY is in a consolidation between the 100 and 200 SMAs. 

GBP/JPY 30-minute chart

• GBP/JPY is trading above its main SMAs suggesting a bullish bias in the short-term.
• A bullish breakout above 146.40 should lead the market to 147.20 and 148.00 resistances.
• To the downside, support is at 145.20 and 148.00 level.

Additional key levels