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The past twenty-four hours  saw the Sterling looking to make a firmer run above the 144.00 handle, but Monday’s US trading session saw the GBP slipping once again, and the Guppy is currently firming up near 144.00 once more.

GBP/JPY, M5

Over the past week, The GBP/JPY has declined from a near-term high close to 146.30, dropping into a fresh low at 142.75 and the pair is now looking to mark in a rebound, but declining highs are blocking the way with immediate resistance waiting at Monday’s peak of 144.40.

GBP/JPY, M30

Over the past month, The Guppy has fallen out the wrong end of a descending channel, and buyers are likely to see continued resistance from the lower bound as they try to stage a recovery towards the pair’s four-week high at 149.50.

GBP/JPY, H4

GBP/JPY

Overview:
       Last Price:  144.07
       Daily change:  31  pips
       Daily change:  0.216%
       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