GBP/JPY Technical Analysis: On the wrong end of a bearish channel break
The past twenty-four hours saw the Sterling looking to make a firmer run above the 144.00 handle, but Monday's US trading session saw the GBP slipping once again, and the Guppy is currently firming up near 144.00 once more.
GBP/JPY, M5
Over the past week, The GBP/JPY has declined from a near-term high close to 146.30, dropping into a fresh low at 142.75 and the pair is now looking to mark in a rebound, but declining highs are blocking the way with immediate resistance waiting at Monday's peak of 144.40.
GBP/JPY, M30
Over the past month, The Guppy has fallen out the wrong end of a descending channel, and buyers are likely to see continued resistance from the lower bound as they try to stage a recovery towards the pair's four-week high at 149.50.
GBP/JPY, H4
GBP/JPY
Overview:
Last Price: 144.07
Daily change: 31 pips
Daily change: 0.216%
Daily Open: 143.76
Trends:
Daily SMA20: 146.92
Daily SMA50: 146.07
Daily SMA100: 145.75
Daily SMA200: 147.73
Levels:
Daily High: 144.42
Daily Low: 143.34
Weekly High: 147.59
Weekly Low: 142.78
Monthly High: 149.72
Monthly Low: 142.6
Daily Fibonacci 38.2%: 144.01
Daily Fibonacci 61.8%: 143.75
Daily Pivot Point S1: 143.26
Daily Pivot Point S2: 142.77
Daily Pivot Point S3: 142.19
Daily Pivot Point R1: 144.33
Daily Pivot Point R2: 144.91
Daily Pivot Point R3: 145.41