“¢ The overnight post-BoE goodish bounce from support marked by the lower end of a short-term descending trend-channel ran out of steam near 200-hour EMA. “¢ A subsequent slide to sub-142.00 level, below 50-hour SMA, reinforced the rejection slide, though traders still seemed reluctant to initiate fresh bearish positions. “¢ Neutral technical indicators on hourly/daily charts have failed to provide any fresh directional impetus and now seems to suggest indecision over the pair’s near-term trajectory. “¢ Hence, it would be prudent to wait for a convincing break through the mentioned range (200-hour EMA-142.00 handle before traders start placing near-term directional bets. GBP/JPY 1-hourly chart GBP/JPY Overview: Today Last Price: 142.15 Today Daily change %: -0.07% Today Daily Open: 142.25 Trends: Daily SMA20: 142.13 Daily SMA50: 141.5 Daily SMA100: 144.1 Daily SMA200: 144.94 Levels: Previous Daily High: 142.63 Previous Daily Low: 141.12 Previous Weekly High: 144.73 Previous Weekly Low: 142.08 Previous Monthly High: 144.85 Previous Monthly Low: 131.79 Daily Fibonacci 38.2%: 142.05 Daily Fibonacci 61.8%: 141.7 Daily Pivot Point S1: 141.37 Daily Pivot Point S2: 140.49 Daily Pivot Point S3: 139.86 Daily Pivot Point R1: 142.88 Daily Pivot Point R2: 143.51 Daily Pivot Point R3: 144.4 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 Litecoin chart on February 8: LTC/USD goes ballistic, +11% in a matter of minutes FX Street 4 years "¢ The overnight post-BoE goodish bounce from support marked by the lower end of a short-term descending trend-channel ran out of steam near 200-hour EMA. "¢ A subsequent slide to sub-142.00 level, below 50-hour SMA, reinforced the rejection slide, though traders still seemed reluctant to initiate fresh bearish positions. "¢ Neutral technical indicators on hourly/daily charts have failed to provide any fresh directional impetus and now seems to suggest indecision over the pair's near-term trajectory. "¢ Hence, it would be prudent to wait for a convincing break through the mentioned range (200-hour… 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.
