GBP/JPY Technical Analysis: Bulls await a sustained move beyond a descending trend-line resistance

   •  After yesterday's good two-way price action, the cross regained positive traction and was now seen making a fresh attempt to build on the momentum beyond 100-hour SMA.

   •  Technical indicators on the mentioned chart have also started moving into positive territory and support prospects for an extension of the intraday positive momentum. 

   •  A follow-through buying beyond a short-term ascending trend-line resistance will reinforce the constructive outlook and assist the cross to make it through the 144.40 supply zone.

   •  Meanwhile, the downside now seems more likely to find decent support and limited by a short-term ascending trend-line support, currently near the 143.30 region.

GBP/JPY 1-hourly chart