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   “¢   The cross regained positive traction from a descending trend-line resistance break-point turned support and now seems to have found acceptance above 200-hour SMA.

   “¢   Technical indicators on the 1-hourly chart have been gaining positive traction and support prospects for an extension of the pair’s strong intraday positive momentum.

   “¢   Follow-through buying interests, leading to a subsequent move beyond the 146.00 handle -last week’s swing high), will add credence to the near-term constructive outlook.

   “¢   However, oscillators on the daily chart haven’t been able to move out of negative territory and thus, warrant some caution in placing any aggressive near-term bullish bets.


GBP/JPY 1-hourly chart

GBP/JPY

Overview:
Today Last Price:  145.47
Today Daily change:  77  pips
Today Daily change %:  0.532%
Today Daily Open:  144.7
Trends:
Previous Daily SMA20:  146.07
Previous Daily SMA50:  146.91
Previous Daily SMA100:  145.78
Previous Daily SMA200:  147.07
Levels:
Previous Daily High:  145.56
Previous Daily Low:  144.35
Previous Weekly High:  145.96
Previous Weekly Low:  144.01
Previous Monthly High:  149.52
Previous Monthly Low:  142.78
Previous Daily Fibonacci 38.2%:  144.81
Previous Daily Fibonacci 61.8%:  145.1
Previous Daily Pivot Point S1:  144.18
Previous Daily Pivot Point S2:  143.66
Previous Daily Pivot Point S3:  142.97
Previous Daily Pivot Point R1:  145.39
Previous Daily Pivot Point R2:  146.08
Previous Daily Pivot Point R3:  146.6