GBP/JPY Technical Analysis: Ramping up trade war sends Sterling down against safe haven Yen

• Risk aversion takes a chunk out of markets as the US threatens yet more tariffs on China.
• Sterling slips into fresh two-week lows as traders pile into the Yen.
• GBP looks set for a further slide if markets don't recover their sentiment.

GBP/JPY Chart, 1-Hour

Spot rate:             146.12
Relative change: -0.16%
High:                    146.46
Low:                     145.89

Trend:                  Bearish

Support 1:           145.89 (current day low)
Support 2:           145.07 (61.8% retracement level)
Support 3:           143.19 (May technical bottom)

Resistance 1:      146.46 (current day high)
Resistance 2:      147.01 (current week high; major figure)
Resistance 3:      147.97 (previous week high)