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   “¢   The cross struggled to gain any meaningful traction on Monday, albeit has managed to hold its neck and form a firm intraday base near 50-hour SMA.  

GBP/JPY 1-hourly chart

   “¢   However, given last week’s breakthrough a descending trend-channel, bullish technical indicators support prospects for a further near-term appreciating move.  

4-hourly chart

   “¢   A sustained move beyond the 145.00 mark will add credence to the constructive outlook and set the stage for a move towards reclaiming the 146.00 handle.

   “¢   Alternatively, weakness below the mentioned intraday support could further get extended back towards challenging the 144.00 handle en-route 143.80 support.


       Today Last Price:  144.6
       Today Daily change %:  0.10%
       Today Daily Open:  144.45
       Daily SMA20:  143
       Daily SMA50:  141.41
       Daily SMA100:  143.53
       Daily SMA200:  144.64
       Previous Daily High:  144.75
       Previous Daily Low:  143.78
       Previous Weekly High:  145.05
       Previous Weekly Low:  142.46
       Previous Monthly High:  144.85
       Previous Monthly Low:  131.79
       Daily Fibonacci 38.2%:  144.38
       Daily Fibonacci 61.8%:  144.15
       Daily Pivot Point S1:  143.91
       Daily Pivot Point S2:  143.36
       Daily Pivot Point S3:  142.93
       Daily Pivot Point R1:  144.88
       Daily Pivot Point R2:  145.3
       Daily Pivot Point R3:  145.85