“¢ The cross built on this week’s goodish rebound from seven-week lows, and previous session’s strong upsurge, is now looking to extend the momentum beyond the 147.00 handle. “¢ Against the backdrop of the latest Brexit optimism, the prevalent risk-on mood, which tends to weigh on the JPY’s safe-haven status, remained supportive of the positive momentum. “¢ Bullish traders seemed to aim for a test of the very important 200-day SMA resistance, coinciding with 23.6% Fibonacci retracement level of the 139.90-149.72 Aug-Sept upsurge. “¢ Technical indicators on hourly charts have started pointing to slightly overbought conditions but are yet to catch up with the bullish momentum on the daily chart. “¢ The set-up suggests that any further up-move is more likely to pause near the mentioned confluence hurdle, which if cleared will negate any near-term bearish bias and trigger another squeeze. GBP/JPY daily chart GBP/JPY Overview: Last Price: 147.17 Daily change: 52 pips Daily change: 0.355% Daily Open: 146.65 Trends: Daily SMA20: 146.45 Daily SMA50: 146.21 Daily SMA100: 145.68 Daily SMA200: 147.58 Levels: Daily High: 146.9 Daily Low: 143.98 Weekly High: 147.59 Weekly Low: 142.78 Monthly High: 149.52 Monthly Low: 142.78 Daily Fibonacci 38.2%: 145.78 Daily Fibonacci 61.8%: 145.09 Daily Pivot Point S1: 144.79 Daily Pivot Point S2: 142.93 Daily Pivot Point S3: 141.88 Daily Pivot Point R1: 147.7 Daily Pivot Point R2: 148.75 Daily Pivot Point R3: 150.61 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 USD/JPY торгуетÑÑ Ð² диапазоне – UOB FX Street 4 years "¢ The cross built on this week's goodish rebound from seven-week lows, and previous session's strong upsurge, is now looking to extend the momentum beyond the 147.00 handle. "¢ Against the backdrop of the latest Brexit optimism, the prevalent risk-on mood, which tends to weigh on the JPY's safe-haven status, remained supportive of the positive momentum. "¢ Bullish traders seemed to aim for a test of the very important 200-day SMA resistance, coinciding with 23.6% Fibonacci retracement level of the 139.90-149.72 Aug-Sept upsurge. "¢ Technical indicators on hourly charts have started pointing… 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.