GBP/JPY Technical Analysis: Bears remain in control, falls to the lowest level since Sept. 2017

   •  The cross extended this week's bearish break below a short-term ascending trend-line support and is currently placed at fresh YTD lows, just above the 143.00 handle.

   •  A combination of negative factors, ranging from growing fears of a no-deal Brexit and reviving safe-haven demand kept exerting downward pressure for the sixth consecutive session.

   •  With short-term technical indicators picking up negative momentum, a follow-through weakness below the 143.00 handle seems to open room for a continuation of the near-term bearish trajectory. 

GBP/JPY daily chart

Spot rate: 143.25
Daily High: 144.28
Trend: Bearish

Resistance
R1: 143.81 (overnight swing low)
R2: 144.12 (daily pivot-point)
R3: 144.44 (R1 daily pivot-point)

Support
S1: 142.97 (S2 monthly pivot-point)
S2: 142.40 (horizontal zone)
S3: 142.00 (round figure mark)