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GBP/JPY Technical Analysis: edging into 144.50 as the Yen relaxes

  • The past twnety-four hours sees the GBP/JPY catching some lift in early Wednesday as the Japanese Yen takes a mild step lower, allowing the Guppy to lift back into the 144.50 region.

GBP/JPY Chart, 5-Minute

  • The 144.50 level has proven to be a key support level for the Guppy, and if buyers fail to return the pair north of the critical technical barrier, it could sour into resistance in short order.

GBP/JPY Chart, 30-Minute

  • The past quarter sees the Guppy cycling within a rough range between 143.50 and 149.00, and the current bearish decline could still fall a little bit further before turning over for the next bullish leg.

GBP/JPY Chart, 4-Hour

GBP/JPY

Overview:
       Last Price:  144.45
       Daily change:  36  pips
       Daily change:  0.250%
       Daily Open:  144.09
Trends:
       Daily SMA20:  145.95
       Daily SMA50:  146.98
       Daily SMA100:  145.82
       Daily SMA200:  147.14
Levels:
       Daily High:  144.92
       Daily Low:  144.01
       Weekly High:  148.74
       Weekly Low:  144.26
       Monthly High:  149.52
       Monthly Low:  142.78
       Daily Fibonacci 38.2%:  144.36
       Daily Fibonacci 61.8%:  144.58
       Daily Pivot Point S1:  143.76
       Daily Pivot Point S2:  143.43
       Daily Pivot Point S3:  142.85
       Daily Pivot Point R1:  144.67
       Daily Pivot Point R2:  145.25
       Daily Pivot Point R3:  145.58

 

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