The GBP/JPY market is looking indecisive and the next major move depends on where the pair closes today. Daily chart As seen above, the cross witnessed two-way business yesterday before ending largely on the day at 142.63. Essentially, the pair charted a doji candle, which is considered a sign of indecision in the market place. A close today above 142.63 (high of the doji candle) would confirm an end of the pullback from the recent high of 144.84 and could yield a re-test of that level. A close below 141.13 (low of the doji candle) would imply a continuation of the sell-off from the recent high of 144.84 and would open the doors to 140.00. The lower shadow of the doji is bigger than the upper shadow, meaning the bulls were relatively stronger. Therefore, the pair is more likely to see a bullish close above 142.63. Trend: Neutral GBP/JPY Overview: Today Last Price: 142.06 Today Daily change: -0.19 pips Today Daily change %: -0.13% 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 BTC/USD: Bearish indicators cloud the market FX Street 4 years The GBP/JPY market is looking indecisive and the next major move depends on where the pair closes today. Daily chart As seen above, the cross witnessed two-way business yesterday before ending largely on the day at 142.63. Essentially, the pair charted a doji candle, which is considered a sign of indecision in the market place. A close today above 142.63 (high of the doji candle) would confirm an end of the pullback from the recent high of 144.84 and could yield a re-test of that level. A close below 141.13 (low of the doji candle) would imply… 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.
