“¢ The cross struggled to gain any meaningful traction on Monday, albeit has managed to hold its neck and form a firm intraday base near 50-hour SMA.
GBP/JPY 1-hourly chart
-636866835943775321.png)
“¢ However, given last week’s breakthrough a descending trend-channel, bullish technical indicators support prospects for a further near-term appreciating move.
4-hourly chart
-636866836551145153.png)
“¢ A sustained move beyond the 145.00 mark will add credence to the constructive outlook and set the stage for a move towards reclaiming the 146.00 handle.
“¢ Alternatively, weakness below the mentioned intraday support could further get extended back towards challenging the 144.00 handle en-route 143.80 support.
GBP/JPY
Overview:
Today Last Price: 144.6
Today Daily change %: 0.10%
Today Daily Open: 144.45
Trends:
Daily SMA20: 143
Daily SMA50: 141.41
Daily SMA100: 143.53
Daily SMA200: 144.64
Levels:
Previous Daily High: 144.75
Previous Daily Low: 143.78
Previous Weekly High: 145.05
Previous Weekly Low: 142.46
Previous Monthly High: 144.85
Previous Monthly Low: 131.79
Daily Fibonacci 38.2%: 144.38
Daily Fibonacci 61.8%: 144.15
Daily Pivot Point S1: 143.91
Daily Pivot Point S2: 143.36
Daily Pivot Point S3: 142.93
Daily Pivot Point R1: 144.88
Daily Pivot Point R2: 145.3
Daily Pivot Point R3: 145.85
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