Back

GBP/JPY Technical Analysis: Remains in an ascendant channel

  • Volatility across pound’s crosses likely to increase amid Brexit and UK political uncertainty. 
  • The GBP/JPY pair continues to move with a bullish bias within an ascendant channel. The key support today stands around 143.00. A break lower would open the doors to more losses and a potential slide to 142.00. 
  • While above 143.50, the positive tone will prevail. The immediate resistance might be seen at 144.20 and 144.80, ahead of the strong 146.00 barrier

GBP/JPY 4 hours chart 

GBP/JPY

  • Price is hovering around the 100-day moving average around 144.40, a daily close well above could signal more gains ahead. 

GBP/JPY Daily 

GBP/JPY

GBP/JPY

Overview:
    Today Last Price: 143.71
    Today Daily change: -0.26 pips
    Today Daily change %: -0.18%
    Today Daily Open: 143.97
Trends:
    Daily SMA20: 140.29
    Daily SMA50: 141.86
    Daily SMA100: 144.43
    Daily SMA200: 145.26
Levels:
    Previous Daily High: 144.73
    Previous Daily Low: 143.6
    Previous Weekly High: 144.85
    Previous Weekly Low: 140.62
    Previous Monthly High: 145.52
    Previous Monthly Low: 138.86
    Daily Fibonacci 38.2%: 144.03
    Daily Fibonacci 61.8%: 144.3
    Daily Pivot Point S1: 143.47
    Daily Pivot Point S2: 142.97
    Daily Pivot Point S3: 142.34
    Daily Pivot Point R1: 144.6
    Daily Pivot Point R2: 145.23
    Daily Pivot Point R3: 145.73

 

USD/JPY Technical Analysis: Greenback trading below 109.50 against the Japanese Yen

USD/JPY daily chart USD/JPY is trading in a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs) on the daily chart. USD/J
Read more Previous

US: Narrative of a tight jobs market set to continue - ING

"The narrative of a tight jobs market, where firms are struggling to fill vacancies and pay is pushing higher, looks set to continue. Consequently, ho
Read more Next