- The GBP/JPY’s hourly chart is showing a falling channel breakout – a bullish development, which indicates that the risks are now skewed to the upside.
- The 50-hour exponential moving average (EMA) has bottomed out and is beginning to rise in favor of the bulls.
- Acceptance above 100-hour EMA of 144.36 would bolster the already bullish setup and could yield a rally to 145.00.
- On the downside, a break below 143.61 (previous day’s low) would invalidate the bullish breakout.
Hourly Chart
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Trend: bullish
GBP/JPY
Overview:
Last Price: 144.19
Daily change: 43 pips
Daily change: 0.299%
Daily Open: 143.76
Trends:
Daily SMA20: 146.92
Daily SMA50: 146.07
Daily SMA100: 145.75
Daily SMA200: 147.73
Levels:
Daily High: 144.42
Daily Low: 143.34
Weekly High: 147.59
Weekly Low: 142.78
Monthly High: 149.72
Monthly Low: 142.6
Daily Fibonacci 38.2%: 144.01
Daily Fibonacci 61.8%: 143.75
Daily Pivot Point S1: 143.26
Daily Pivot Point S2: 142.77
Daily Pivot Point S3: 142.19
Daily Pivot Point R1: 144.33
Daily Pivot Point R2: 144.91
Daily Pivot Point R3: 145.41
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