“¢ After yesterday’s good two-way price action, the cross regained positive traction and was now seen making a fresh attempt to build on the momentum beyond 100-hour SMA.
“¢ Technical indicators on the mentioned chart have also started moving into positive territory and support prospects for an extension of the intraday positive momentum.
“¢ A follow-through buying beyond a short-term ascending trend-line resistance will reinforce the constructive outlook and assist the cross to make it through the 144.40 supply zone.
“¢ Meanwhile, the downside now seems more likely to find decent support and limited by a short-term ascending trend-line support, currently near the 143.30 region.
GBP/JPY 1-hourly chart
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GBP/JPY
Overview:
Last Price: 144.07
Daily change: 32 pips
Daily change: 0.223%
Daily Open: 143.75
Trends:
Daily SMA20: 146.74
Daily SMA50: 146.1
Daily SMA100: 145.71
Daily SMA200: 147.68
Levels:
Daily High: 144.4
Daily Low: 143.22
Weekly High: 147.59
Weekly Low: 142.78
Monthly High: 149.72
Monthly Low: 142.6
Daily Fibonacci 38.2%: 143.67
Daily Fibonacci 61.8%: 143.95
Daily Pivot Point S1: 143.18
Daily Pivot Point S2: 142.61
Daily Pivot Point S3: 142
Daily Pivot Point R1: 144.36
Daily Pivot Point R2: 144.97
Daily Pivot Point R3: 145.54
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