GBP/JPY Technical Analysis: Pound remains bearish below 145.00 handle

• GBP/JPY bear trend is intact as it is trading below the key 144.98 swing low established on March 2.
• However a strong bull breakout above 144.98 could see bulls trying a reversal attempt and target the 146.20 supply level to the upside.

GBP/JPY 15-minute chart

Spot rate:                   144.60
Relative change:       -0.05%     
High:                           145.31
Low:                            144.12

Trend:                         Bearish

Support 1:                 144.12 current Thursday’s low               
Support 2:                 143.20 May 29 low                              
Support 3:                 141.19 September 5, 2017 low    

Resistance 1:            144.98 March 2 swing low, key level
Resistance 2:            146.20 key supply level                                  
Resistance 3:            147.53 May 8 low