“¢ 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
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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
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