GBP/JPY Technical Analysis: bulls testing an ascending trend-line resistance

   •  Move beyond 100-period hourly SMA helped clear a horizontal resistance.
   •  Up-move halts near 38.2% Fibonacci retracement level of 149.73-143.20 downfall. 
   •  A strong follow-through buying needed to confirm additional near-term gains. 

GBP/JPY 1-hourly chart

Spot rate:        145.55
Trend:              Bullish

Support 1:        145.31 (horizontal resistance break-point)
Support 2:        144.72 (100-period SMA H1)
Support 3:        144.12 (S1 daily pivot-point)

Resistance 1:   145.91 (200-period SMA H1)
Resistance 2:   146.19 (weekly tops)
Resistance 3:   146.50 (R3 daily pivot point)