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GBP/JPY Technical Analysis: Taking a run at 148.00

  • The GBP/JPY is teasing a break into the 148.00 technical level in early Tuesday’s action, lifting from the day’s opening bids near 147.60 as the pair continues to find support from the 50-period moving average, currently resting near 147.80.

GBP/JPY M5

  • Hourly candles have the Guppy overextended with 1-Hour indicators pinned near overbought conditions, but the pair is showing little signs of slowing as the GBP/JPY heads further north from the 200-hour moving average at 145.00.

GBP/JPY H1

  • The past eight weeks shows the GBP/JPY grinding steadily higher to return to September’s previous consolidation zone, and continued buying will see resistance from familiar levels near the upper bound at the 149.00 handle.

GBP/JPY H4

GBP/JPY

Overview:
       Last Price:  147.96
       Daily change:  32  pips
       Daily change:  0.217%
       Daily Open:  147.64
Trends:
       Daily SMA20:  146.3
       Daily SMA50:  146.38
       Daily SMA100:  145.69
       Daily SMA200:  147.51
Levels:
       Daily High:  147.82
       Daily Low:  146.86
       Weekly High:  147.26
       Weekly Low:  143.22
       Monthly High:  149.52
       Monthly Low:  142.78
       Daily Fibonacci 38.2%:  147.45
       Daily Fibonacci 61.8%:  147.22
       Daily Pivot Point S1:  147.06
       Daily Pivot Point S2:  146.48
       Daily Pivot Point S3:  146.1
       Daily Pivot Point R1:  148.01
       Daily Pivot Point R2:  148.39
       Daily Pivot Point R3:  148.97

 

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