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GBP/JPY Technical Analysis: Set to continue lower if sellers break 146.00

  • The past twenty-four hours have seen the Sterling slump further against the Japanese Yen, and the Guppy dipped into a fresh low in Tuesday’s early trading, and the pair is set to continue challenging 146.00.

GBP/JPY M5

  • The GBP/JPY has inverted out of a bull run in the past two weeks, and the 50-period moving average is now acting as resistance for any intraday moves towards the upside.

GBP/JPY M30

  • 4-Hour candles  show the Guppy hung up on the south end of the 200-period moving average, which is also mixing poorly with the 50-period moving average, but plenty of room remains between the current action and the last swing low near 143.20, while the ceiling is marked in at the last swing high of 149.50.

GBP/JPY H4

GBP/JPY

Overview:
       Last Price:  146.14
       Daily change:  -7.0  pips
       Daily change:  -0.0479%
       Daily Open:  146.21
Trends:
       Daily SMA20:  146.33
       Daily SMA50:  146.79
       Daily SMA100:  145.81
       Daily SMA200:  147.35
Levels:
       Daily High:  147.58
       Daily Low:  146.07
       Weekly High:  149.5
       Weekly Low:  146.86
       Monthly High:  149.52
       Monthly Low:  142.78
       Daily Fibonacci 38.2%:  146.65
       Daily Fibonacci 61.8%:  147.01
       Daily Pivot Point S1:  145.66
       Daily Pivot Point S2:  145.11
       Daily Pivot Point S3:  144.15
       Daily Pivot Point R1:  147.17
       Daily Pivot Point R2:  148.14
       Daily Pivot Point R3:  148.69

 

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