“¢ 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
-636885851646819499.png)
GBP/JPY
Overview:
Today Last Price: 147.69
Today Daily change %: -0.01%
Today Daily Open: 147.7
Trends:
Daily SMA20: 146.48
Daily SMA50: 143.66
Daily SMA100: 143.59
Daily SMA200: 144.67
Levels:
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
Share
