The GBP/JPY is seeing an intraday topping pattern form from 149.20 as the GBP struggles to maintain its recent bullish stance against the safe-haven Yen, but a rough rising channel could see the GBP/JPY survive any downside shocks heading into the latter end of the week. GBP/JPY M5 Hourly candles have the Guppy rising smoothly, pulling itself upwards from a clean bullish cross of the 200-hour moving average from 144.80 last week, and the 50-hour moving average is providing hefty support from 148.50. GBP/JPY H1 Although the Guppy has enjoyed a tidy bullish channel, the shortside looms ahead as the pair runs into firm resistance from beneath the 150.00 major handle that formed up over the past two months, a level that the GBP/JPY has struggled to reclaim since May of this year. GBP/JPY H4 GBP/JPY Overview: Last Price: 149.09 Daily change: -4.0 pips Daily change: -0.0268% Daily Open: 149.13 Trends: Daily SMA20: 146.35 Daily SMA50: 146.56 Daily SMA100: 145.76 Daily SMA200: 147.46 Levels: Daily High: 149.24 Daily Low: 148.34 Weekly High: 147.26 Weekly Low: 143.22 Monthly High: 149.52 Monthly Low: 142.78 Daily Fibonacci 38.2%: 148.89 Daily Fibonacci 61.8%: 148.68 Daily Pivot Point S1: 148.57 Daily Pivot Point S2: 148 Daily Pivot Point S3: 147.67 Daily Pivot Point R1: 149.47 Daily Pivot Point R2: 149.8 Daily Pivot Point R3: 150.37 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China to levy anti-dumping duties on rubber from S. Korea and Japan FX Street 4 years The GBP/JPY is seeing an intraday topping pattern form from 149.20 as the GBP struggles to maintain its recent bullish stance against the safe-haven Yen, but a rough rising channel could see the GBP/JPY survive any downside shocks heading into the latter end of the week. GBP/JPY M5 Hourly candles have the Guppy rising smoothly, pulling itself upwards from a clean bullish cross of the 200-hour moving average from 144.80 last week, and the 50-hour moving average is providing hefty support from 148.50. GBP/JPY H1 Although the Guppy has enjoyed a tidy bullish channel, the shortside looms ahead as the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
