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   “¢   The cross extended its sideways consolidative price action around 100-hour SMA, with today’s mixed UK employment details also failing to provide any meaningful impetus.

   “¢   The fact that technical indicators on the 1-hourly chart have struggled to gain positive traction seemed to be the only factor capping the overnight bounce from 200-EMA.

   “¢   Meanwhile, oscillators on 4-hourly/daily charts maintained their bullish bias and support prospects for additional gains/extension of the last week’s strong bullish momentum.

   “¢   However, a convincing break below the 200-hour EMA, currently near the 147.00 handle, might negate the constructive outlook and prompt some aggressive long-unwinding trade.

GBP/JPY 1-hourly chart


       Today Last Price:  147.69
       Today Daily change %:  -0.01%
       Today Daily Open:  147.7
       Daily SMA20:  146.48
       Daily SMA50:  143.66
       Daily SMA100:  143.59
       Daily SMA200:  144.67
       Previous Daily High:  148.39
       Previous Daily Low:  147.01
       Previous Weekly High:  148.88
       Previous Weekly Low:  143.72
       Previous Monthly High:  148.28
       Previous Monthly Low:  141.01
       Daily Fibonacci 38.2%:  147.54
       Daily Fibonacci 61.8%:  147.86
       Daily Pivot Point S1:  147.01
       Daily Pivot Point S2:  146.32
       Daily Pivot Point S3:  145.63
       Daily Pivot Point R1:  148.39
       Daily Pivot Point R2:  149.08
       Daily Pivot Point R3:  149.78