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GBP/JPY Price Analysis: Pound goes ballistic against yen on UK elections

  • GBP/JPY bulls are in full control as the market is having a massive breakout.
  • The level to beat for bulls is the 148.00 resistance. 
 
The GBP/JPY currency cross is trading in a bull trend above the main SMAs on the four hour time frame as the bulls are having a massive breakout on UK’s elections. The buyers will probably try to break above the 148.00 handle. Targets to the upside can be seen near the 148.00, 149.00 and 150.00 levels. On the flip side, support is seen at the 146.00 and 145.00 figures. 
 

Additional key levels

GBP/JPY

Overview
Today last price 143.89
Today Daily Change 0.53
Today Daily Change % 0.37
Today daily open 143.36
 
Trends
Daily SMA20 141.33
Daily SMA50 139.44
Daily SMA100 135.33
Daily SMA200 138.21
 
Levels
Previous Daily High 143.58
Previous Daily Low 142.56
Previous Weekly High 143.26
Previous Weekly Low 140.83
Previous Monthly High 141.86
Previous Monthly Low 139.32
Daily Fibonacci 38.2% 142.95
Daily Fibonacci 61.8% 143.19
Daily Pivot Point S1 142.75
Daily Pivot Point S2 142.14
Daily Pivot Point S3 141.73
Daily Pivot Point R1 143.78
Daily Pivot Point R2 144.19
Daily Pivot Point R3 144.8

 

 

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