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GBP/JPY Technical Analysis: Sterling rises to 2-week highs on Brexit news

GBP/JPY daily chart

  • GBP/JPY is trading in a bear trend below the 200-day simple moving average (SMA).  
  • Bulls are testing the 100 SMA.
  • GBP/JPY is trading at daily highs as PM May is still looking to reopen the withdrawal agreement.

GBP/JPY 4-hour chart

  • GBP/JPY is trading above its main SMAs suggesting bullish momentum in the medium-term.

GBP/JPY 30-minute chart

  • A break of 143.60 resistance can lead to a move to 144.00 figure.  
  • To the downside, support is seen at 143.00 and 142.40 level.

Additional key levels

GBP/JPY

Overview:
       Today Last Price:  143.43
       Today Daily change: 46  pips
       Today Daily change %:  0.32%
       Today Daily Open:  142.97
Trends:
       Daily SMA20:  142.74
       Daily SMA50:  141.28
       Daily SMA100:  143.68
       Daily SMA200:  144.73
Levels:
       Previous Daily High:  143.03
       Previous Daily Low:  142.51
       Previous Weekly High:  143.34
       Previous Weekly Low:  141.01
       Previous Monthly High:  144.85
       Previous Monthly Low:  131.79
       Daily Fibonacci 38.2%:  142.83
       Daily Fibonacci 61.8%:  142.71
       Daily Pivot Point S1:  142.64
       Daily Pivot Point S2:  142.31
       Daily Pivot Point S3:  142.12
       Daily Pivot Point R1:  143.16
       Daily Pivot Point R2:  143.36
       Daily Pivot Point R3:  143.69

 

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