GBP/JPY Technical Analysis: Slips back below 143.00 handle ahead of UK services PMI

 The cross struggled to build on the Asian session uptick/failed to decisively break through 200-hour SMA and dropped to fresh session low in the last hour.

   •  Against the backdrop of renewed Brexit jitters, the prevalent risk-off mood benefitted the JPY's safe-haven status and prompted some aggressive selling. 

   •  The cross has now slipped back below the 143.00 handle and the price action clearly seems to suggest that the near-term selling pressure might still be far from over. 

GBP/JPY 1-hourly chart

Spot Rate: 142.95
Daily High: 143.68
Trend: Bearish

Resistance
R1: 143.55 (R1 daily pivot-point)
R2: 143.73 (100-period SMA H1)
R3: 144.00 (round figure mark)

Support
S1: 142.60 (overnight swing low)
S2: 142.28 (S2 daily pivot point)
S3: 142.00 (round figure mark)

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