“¢ The cross regained positive traction from a descending trend-line resistance break-point turned support and now seems to have found acceptance above 200-hour SMA.
“¢ Technical indicators on the 1-hourly chart have been gaining positive traction and support prospects for an extension of the pair’s strong intraday positive momentum.
“¢ Follow-through buying interests, leading to a subsequent move beyond the 146.00 handle -last week’s swing high), will add credence to the near-term constructive outlook.
“¢ However, oscillators on the daily chart haven’t been able to move out of negative territory and thus, warrant some caution in placing any aggressive near-term bullish bets.
GBP/JPY 1-hourly chart
GBP/JPY
Overview:
Today Last Price: 145.47
Today Daily change: 77 pips
Today Daily change %: 0.532%
Today Daily Open: 144.7
Trends:
Previous Daily SMA20: 146.07
Previous Daily SMA50: 146.91
Previous Daily SMA100: 145.78
Previous Daily SMA200: 147.07
Levels:
Previous Daily High: 145.56
Previous Daily Low: 144.35
Previous Weekly High: 145.96
Previous Weekly Low: 144.01
Previous Monthly High: 149.52
Previous Monthly Low: 142.78
Previous Daily Fibonacci 38.2%: 144.81
Previous Daily Fibonacci 61.8%: 145.1
Previous Daily Pivot Point S1: 144.18
Previous Daily Pivot Point S2: 143.66
Previous Daily Pivot Point S3: 142.97
Previous Daily Pivot Point R1: 145.39
Previous Daily Pivot Point R2: 146.08
Previous Daily Pivot Point R3: 146.6