GBP/JPY Technical Analysis: Spikes through 100-hour SMA/23.6% Fibo. confluence region

   •  The cross stalled its recent rejection slide from the 147.00 handle and once again showed some resilience below the 144.00 mark, a strong horizontal support held over the past two months or so.

GBP/JPY daily chart

   •  A modest bounce from the mentioned support has now lifted the cross beyond 100-hour SMA, coinciding with 23.6% Fibonacci retracement level of the 147.00-143.77 recent downfall.

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Carney. He’s due to speak in London.