GBP/JPY remains positive near three-week top. Bullish MACD backs upside break of 100-day EMA to suggest further rise. 50% of Fibonacci retracement acts as additional support. GBP/JPY eases from the intraday top of 135.41 to 135.31 during Thursday’s Asian session. However, the pair still flashes 0.04% gains while staying near the highest since June 16. The quote refreshed the multi-day top on Wednesday after successfully crossing 100-day EMA. Other than the clearance of the key EMA, bullish MACD also favors the buyers to aim for a 200-day EMA level of 136.13 during further advances. However, 61.8% Fibonacci retracement of the pair’s February-March fall, around 137.00, will restrict the extra north-run. Should buyers fail to keep the upside momentum and the quote slips below a 100-day EMA level of 134.82, 50% of Fibonacci retracement near 134.50 could return to the chart. Additionally, June 23 high close to 134.00 and an upward sloping trend line from May 18, at 132.60 now, will add to the downside support in a case where the sellers dominate. GBP/JPY daily chart Trend: Bullish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China senior diplomat Wang Yi: China will not and cannot become another America FX Street 3 years GBP/JPY remains positive near three-week top. Bullish MACD backs upside break of 100-day EMA to suggest further rise. 50% of Fibonacci retracement acts as additional support. GBP/JPY eases from the intraday top of 135.41 to 135.31 during Thursday’s Asian session. However, the pair still flashes 0.04% gains while staying near the highest since June 16. The quote refreshed the multi-day top on Wednesday after successfully crossing 100-day EMA. Other than the clearance of the key EMA, bullish MACD also favors the buyers to aim for a 200-day EMA level of 136.13 during further advances. However, 61.8% Fibonacci retracement of the pair’s… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
