GBP/JPY Technical Analysis: Cautiosuly bullish, charts show bull doji reversal, bullish hammer
|- GBP/JPY may revisit 147.00, courtesy of bullish doji reversal.
- The pair has created a bullish hammer, the hourly chart shows.
- The BOJ is set to maintain the status quo, highlighting the rising monetary policy divergence. Fed delivered a hawkish hike earlier this week and ECB pulled the plug on QE. So, JPY could remain under pressure.
15-minute chart
Hourly chart
Spot Rate: 146.58
Daily High: 146.88
Daily Low: 146.36
Trend: Cautiously bullish
R1: 147.11 (5-day moving average)
R2: 148.11 (June 7 high)
R3: 148.81 (50-day moving average)
Support
S1: 146.09 (June 8 low)
S2: 145.65 (38.2% Fib R of May 29 low - June 7 high)
S3: 145.00 (psychological level)
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