GBPJPY bear pressure targets the 45.01 support zone as it looks for further price extension. On the downside, support comes in at the 144.50 level where a violation will aim at the 144.00 level.
A break below here will target the 143.50 level followed by the 143.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance comes in at the 146.50 level followed by the 147.00 level. A break through that level will set the stage for a move further higher towards the 147.50 level.
Further out, resistance resides at the 148.00 level. All in all, GBPJPY faces further downside pressure in the short term
