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GBP/JPY Technical Analysis: Remains in an ascendant channel

  • Volatility across pound’s crosses likely to increase amid Brexit and UK political uncertainty.  
  • The GBP/JPY pair continues to move with a bullish bias within an ascendant channel. The key support today stands around 143.00. A break lower would open the doors to more losses and a potential slide to 142.00.  
  • While above 143.50, the positive tone will prevail. The immediate resistance might be seen at 144.20 and 144.80, ahead of the strong 146.00 barrier.  

GBP/JPY 4 hours chart  

GBP/JPY

  • Price is hovering around the 100-day moving average around 144.40, a daily close well above could signal more gains ahead.  

GBP/JPY Daily  

GBP/JPY

GBP/JPY

Overview:
       Today Last Price:  143.71
       Today Daily change:  -0.26  pips
       Today Daily change %:  -0.18%
       Today Daily Open:  143.97
Trends:
       Daily SMA20:  140.29
       Daily SMA50:  141.86
       Daily SMA100:  144.43
       Daily SMA200:  145.26
Levels:
       Previous Daily High:  144.73
       Previous Daily Low:  143.6
       Previous Weekly High:  144.85
       Previous Weekly Low:  140.62
       Previous Monthly High:  145.52
       Previous Monthly Low:  138.86
       Daily Fibonacci 38.2%:  144.03
       Daily Fibonacci 61.8%:  144.3
       Daily Pivot Point S1:  143.47
       Daily Pivot Point S2:  142.97
       Daily Pivot Point S3:  142.34
       Daily Pivot Point R1:  144.6
       Daily Pivot Point R2:  145.23
       Daily Pivot Point R3:  145.73

 

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