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GBP/JPY Technical Analysis: Trying to gear up for a run at 148.00

  • The Guppy hasn’t given up hope yet, despite bull-slaying Brexit headlines, and the GBP/JPY is trying to recover the week’s early bullish momentum from Wednesday’s bottom at the 147.00 handle.
  • Hourly charts have the GBP/JPY trapped beneath a declining 200-hour moving average, with consecutive lower highs applying declining trendline resistance.
  • The last low remains a potential launching point after last week’s late recovery, and sellers should be wary of a long-side snap on a touch of the 147.00 barrier.

GBP/JPY Chart, 15-Minute

GBP/JPY

Overview:
       Last Price:  147.6
       Daily change:  -38  pips
       Daily change:  -0.257%
       Daily Open:  147.98
Trends:
       Daily SMA20:  148.18
       Daily SMA50:  145.35
       Daily SMA100:  145.84
       Daily SMA200:  148.04
Levels:
       Daily High:  148.42
       Daily Low:  146.89
       Weekly High:  149.52
       Weekly Low:  147.17
       Monthly High:  149.72
       Monthly Low:  146.32
       Daily Fibonacci 38.2%:  147.83
       Daily Fibonacci 61.8%:  147.47
       Daily Pivot Point S1:  147.11
       Daily Pivot Point S2:  146.24
       Daily Pivot Point S3:  145.58
       Daily Pivot Point R1:  148.63
       Daily Pivot Point R2:  149.29
       Daily Pivot Point R3:  150.16

 

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