Home GBP/JPY Technical Analysis: Yen selling gives the Guppy a leg up past 145.50
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GBP/JPY Technical Analysis: Yen selling gives the Guppy a leg up past 145.50

  • The GBP/JPY saw a soft rise over the past twenty-four hours, lifting from the week’s open near 144.75 to a near-term high of 145.75.
  • The near-term bounce is likely owing to a softening of the JPY, and risk-on/off flows could see a firm hand on market direction this week.

GBP/JPY Chart, 5-Minute

  • The past two weeks have seen the Guppy struggle to regain a bullish poise after risk-off took the pair  down from highs just below the major 150.00 handle, but bidders have managed to halt declines and price in a floor from the 144.00 level.

GBP/JPY Chart, 30-Minute

  • The GBP/JPY continues to cycle in a rough range through the medium-term, constrained by a ceiling from the 148.00-150.00 region while stuck on softly-rising lows from 144.50, highlighting the Guppy’s exposure to broad-market risk flows.

GBP/JPY Chart, 4-Hour

GBP/JPY

Overview:
       Today Last Price:  145.46
       Today Daily change:  76  pips
       Today Daily change %:  0.525%
       Today Daily Open:  144.7
Trends:
       Previous Daily SMA20:  146.07
       Previous Daily SMA50:  146.91
       Previous Daily SMA100:  145.78
       Previous Daily SMA200:  147.07
Levels:
       Previous Daily High:  145.56
       Previous Daily Low:  144.35
       Previous Weekly High:  145.96
       Previous Weekly Low:  144.01
       Previous Monthly High:  149.52
       Previous Monthly Low:  142.78
       Previous Daily Fibonacci 38.2%:  144.81
       Previous Daily Fibonacci 61.8%:  145.1
       Previous Daily Pivot Point S1:  144.18
       Previous Daily Pivot Point S2:  143.66
       Previous Daily Pivot Point S3:  142.97
       Previous Daily Pivot Point R1:  145.39
       Previous Daily Pivot Point R2:  146.08
       Previous Daily Pivot Point R3:  146.6

 

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