GBP/JPY Technical Analysis: Sterling continues to seek out lift against Yen, bullish trendline remains intact

• The GBP/JPY pair is hesitant to develop momentum, GBP could be rounding out against the Yen.
• Hourly indicators are mixed as markets fail to deliver a direction.
• UK earnings figures expected to hold steady for Tuesday, Trump-Kim summit looks to be devoid of any fireworks.

GBP/JPY Chart, 1-Hour

Spot rate: 147.44
Relative change: 0.20%
High: 147.68
Low: 147.12

Trend: Flat to bullish

Support 1: 147.18 (50-hour EMA)
Support 2:  146.52 (current week low)
Support 3: 145.84 (June low)

Resistance 1: 148.11 (one-week high)
Resistance 2: 149.09 (61.8% Fibonacci expansion level)
Resistance 3: 150.00 (one-month high; major psychological handle)