GBP/JPY Technical Analysis: Sterling rises on UK PM May’s Brexit statement

GBP/JPY daily chart

• GBP/JPY is consolidating above its 200-day simple moving averages (SMA).
• Brexit: UK PM May seeks out Corbyn to agree a plan.

GBP/JPY 4-hour chart

• GBP/JPY is testing the 146.00 figure and the 200 SMA.

GBP/JPY 30-minute chart

• GBP/JPY is trading above its main SMAs suggesting bullish momentum in the short-term.
• Bulls are looking at the 146.70 and 147.50 resistances.
• Supports are at 145.20, 144.60 and 144.05 level.

Additional key levels