Interesting pullback on the GBP/JPY

On the daily chart of the GBP/JPY we can see that the pair found a good support zone around the 147.00 level since March to the middle of May when the price broke below that level and falls to the 145.00 zone to drop to the 143.00 area. From the 143.00 zone, the price of the GBP/JPY starts pulling back up and reaches the 147.00 level, which could act as resistance. Since the 147.00 zone acted as support in the past, now it may act as resistance. In case of a bearish bounce from the 147.00 level, the GBP/JPY may find some support at the 145.00 level or the 143.00 level. Above the 147.00 level, its next resistance zone could be around the 148.80 level where we can find the 200 day exponential moving average.