“¢ The cross came under some renewed selling pressure on Monday and dropped to the lower end of a near three-day-old trading range during the early European session. “¢ The range bounce price-action constituted to the formation of a rectangle, which given the recent up-move might be categorized as bullish continuation chart pattern. “¢ Moreover, the fact that the cross remains above important intraday moving averages – 100 & 200-hour SMA, add credence to the near-term constructive outlook. “¢ Meanwhile, technical indicators on the 1-hourly chart have been gaining negative momentum but have still managed to hold in the bullish territory on 4-hourly/daily charts. “¢ Hence, it would now be interesting to see if the cross is able to defend the mentioned rectangle support or the current pull-back marks the end of the recent bullish move. GBP/JPY 1-hourly chart GBP/JPY Overview: Today Last Price: 147.71 Today Daily change: -46 pips Today Daily change %: -0.31% Today Daily Open: 148.17 Trends: Daily SMA20: 146.25 Daily SMA50: 143.48 Daily SMA100: 143.55 Daily SMA200: 144.67 Levels: Previous Daily High: 148.39 Previous Daily Low: 147.43 Previous Weekly High: 148.88 Previous Weekly Low: 143.72 Previous Monthly High: 148.28 Previous Monthly Low: 141.01 Daily Fibonacci 38.2%: 148.02 Daily Fibonacci 61.8%: 147.8 Daily Pivot Point S1: 147.6 Daily Pivot Point S2: 147.04 Daily Pivot Point S3: 146.64 Daily Pivot Point R1: 148.56 Daily Pivot Point R2: 148.96 Daily Pivot Point R3: 149.52 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 Bitcoin Cash update: BCH/USD demoralized bulls call for more gains FX Street 4 years "¢ The cross came under some renewed selling pressure on Monday and dropped to the lower end of a near three-day-old trading range during the early European session. "¢ The range bounce price-action constituted to the formation of a rectangle, which given the recent up-move might be categorized as bullish continuation chart pattern. "¢ Moreover, the fact that the cross remains above important intraday moving averages - 100 & 200-hour SMA, add credence to the near-term constructive outlook. "¢ Meanwhile, technical indicators on the 1-hourly chart have been gaining negative momentum… 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.
