GBP/JPY Technical Analysis: Sterling trades at daily highs against Yen near 146.70 level

GBP/JPY daily chart

• GBP/JPY is consolidating above its 200-day simple moving averages (SMA).

GBP/JPY 4-hour chart

• GBP/JPY is trading below its 100 and 200 SMA suggesting a bearish bias in the short-term.

GBP/JPY 30-minute chart

• GBP/JPY is challenging the 100 SMA.
• After the rebound from 145.20 support bull can target 146.00 and 146.40 to the upside.
• If 145.20 fails to hold prices, 144.60 is the next support to the downside.

Additional key levels