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GBP/JPY’s consolidation in the range of 147.00-149.00 has taken the shape of a diamond pattern on the hourly chart. A break above the upper edge of the diamond, currently at 148.00, would signal a resumption of the rally from the lows near 145.00 and could yield a break above 150.00.  

A break below the lower edge, currently at 147.66, could yield a pullback to the rising trendline support at 147.19. As of writing, the pair is trading at 147.83.  

Hourly chart

Trend: Bullish above 148.00


       Today Last Price:  147.89
       Today Daily change:  -3  pips
       Today Daily change %:  -0.02%
       Today Daily Open:  147.92
       Daily SMA20:  145.95
       Daily SMA50:  143.28
       Daily SMA100:  143.51
       Daily SMA200:  144.66
       Previous Daily High:  148.88
       Previous Daily Low:  147.38
       Previous Weekly High:  148.47
       Previous Weekly Low:  144.31
       Previous Monthly High:  148.28
       Previous Monthly Low:  141.01
       Daily Fibonacci 38.2%:  147.95
       Daily Fibonacci 61.8%:  148.31
       Daily Pivot Point S1:  147.24
       Daily Pivot Point S2:  146.56
       Daily Pivot Point S3:  145.74
       Daily Pivot Point R1:  148.74
       Daily Pivot Point R2:  149.56
       Daily Pivot Point R3:  150.24