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GBP/JPY Technical Analysis: Brexit hopes jumpstart Guppy, but significant downside still remains from 145.50

  • Thursday’s mid-session announcement of tentative Brexit agreements between the EU and the UK saw the Sterling surge across the board.
  • A messy rebound period saw the GBP/JPY get jostled before settling near a new near-term median  at the 145.50 region.

GBP/JPY Chart, 5-Minute

  • The past two weeks have seen the Guppy take a significant step down, and even Thursday’s Brexit upmove sees the pair trapped significantly towards the downside following mid-November’s decline from the 148.70 region.

GBP/JPY Chart, 30-Minute

  • The Guppy is threatening to roll over into a lateral cycle, moving sideways since peaking just shy of the 150.00 major handle in late September, and finding a floor between 144.00 and 142.00.

GBP/JPY Chart, 4-Hour

GBP/JPY

Overview:
       Last Price:  145.49
       Daily change:  -1.0  pips
       Daily change:  -0.00687%
       Daily Open:  145.5
Trends:
       Daily SMA20:  146.01
       Daily SMA50:  146.94
       Daily SMA100:  145.8
       Daily SMA200:  147.09
Levels:
       Daily High:  145.96
       Daily Low:  144.26
       Weekly High:  148.74
       Weekly Low:  144.26
       Monthly High:  149.52
       Monthly Low:  142.78
       Daily Fibonacci 38.2%:  145.31
       Daily Fibonacci 61.8%:  144.91
       Daily Pivot Point S1:  144.52
       Daily Pivot Point S2:  143.54
       Daily Pivot Point S3:  142.82
       Daily Pivot Point R1:  146.22
       Daily Pivot Point R2:  146.94
       Daily Pivot Point R3:  147.92

 

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