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GBP/JPY Technical Analysis: Resistance forming up from 149.20

  • The GBP/JPY is seeing an intraday topping pattern form from 149.20 as the GBP struggles to maintain its recent bullish stance against the safe-haven Yen, but a rough rising channel could see the GBP/JPY survive any downside shocks heading into the latter end of the week.

GBP/JPY M5

  • Hourly candles have the Guppy rising smoothly, pulling itself upwards from a clean bullish cross of the 200-hour moving average from 144.80 last week, and the 50-hour moving average is providing hefty support from 148.50.

GBP/JPY H1

  • Although the Guppy has enjoyed a tidy bullish channel, the shortside  looms ahead as the pair runs into firm resistance from beneath the 150.00 major handle  that formed up over the past two months, a level that the GBP/JPY has struggled to reclaim since May of this year.

GBP/JPY H4

GBP/JPY

Overview:
       Last Price:  149.09
       Daily change:  -4.0  pips
       Daily change:  -0.0268%
       Daily Open:  149.13
Trends:
       Daily SMA20:  146.35
       Daily SMA50:  146.56
       Daily SMA100:  145.76
       Daily SMA200:  147.46
Levels:
       Daily High:  149.24
       Daily Low:  148.34
       Weekly High:  147.26
       Weekly Low:  143.22
       Monthly High:  149.52
       Monthly Low:  142.78
       Daily Fibonacci 38.2%:  148.89
       Daily Fibonacci 61.8%:  148.68
       Daily Pivot Point S1:  148.57
       Daily Pivot Point S2:  148
       Daily Pivot Point S3:  147.67
       Daily Pivot Point R1:  149.47
       Daily Pivot Point R2:  149.8
       Daily Pivot Point R3:  150.37

 

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