GBP/JPY Technical Analysis: Poised to slide back towards retesting 146.00 handle

• The cross met with some fresh supply near an important confluence resistance, comprising of a short-term descending trend-line and 200-period SMA on the 4-hourly chart.

• The incoming Brexit headlines continue to dent sentiment surrounding the British Pound, with the cross eroding 50% of Friday's goodish rebound from over one-month lows.

• Technical indicators on the mentioned chart have already started gaining negative momentum, suggesting an extension of the downfall back towards retesting the 146.00 round figure mark.

GBP/JPY 4-hourly chart

GBP/JPY

Overview:
    Last Price: 146.51
    Daily change: -72 pips
    Daily change: -0.489%
    Daily Open: 147.23
Trends:
    Daily SMA20: 148.02
    Daily SMA50: 145.63
    Daily SMA100: 145.89
    Daily SMA200: 147.96
Levels:
    Daily High: 147.34
    Daily Low: 145.98
    Weekly High: 148.42
    Weekly Low: 145.81
    Monthly High: 149.72
    Monthly Low: 142.6
    Daily Fibonacci 38.2%: 146.82
    Daily Fibonacci 61.8%: 146.5
    Daily Pivot Point S1: 146.36
    Daily Pivot Point S2: 145.49
    Daily Pivot Point S3: 144.99
    Daily Pivot Point R1: 147.72
    Daily Pivot Point R2: 148.22
    Daily Pivot Point R3: 149.09

GBP/JPY Technical Analysis: Poised to slide back towards retesting 146.00 handle

Italy’s PM Di Maio: Will have weeks to discuss budget if EC rejects Italy's letter

Chicago Fed: National Activity Index (CFNAI) decreased to 0.17 in September from 0.27 in August