GBP/JPY is currently flatlined just above the 200-day moving average (MA) line of 144.58. The currency pair fell 0.39 percent yesterday and closed below the support at 144.78 (April 9 low), validating the 14-day relative strength index’s (RSI) move to the bearish territory below 50 seen on April 18. The path of least resistance, therefore, is to the downside. The 200-day MA support of 144..58 could be breached during the day ahead, allowing a drop to the head-and-shoulders neckline support at 144.00. Daily chart Trend: Bearish Pivot points 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 Litecoin Price Prediction: LTC/USD doesn’t have enough support on the downside – Confluence detector FX Street 4 years GBP/JPY is currently flatlined just above the 200-day moving average (MA) line of 144.58. The currency pair fell 0.39 percent yesterday and closed below the support at 144.78 (April 9 low), validating the 14-day relative strength index's (RSI) move to the bearish territory below 50 seen on April 18. The path of least resistance, therefore, is to the downside. The 200-day MA support of 144..58 could be breached during the day ahead, allowing a drop to the head-and-shoulders neckline support at 144.00. Daily chart Trend: Bearish Pivot points 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.
