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GBP/JPY Technical Analysis: Guppy breaks above 142.00 figure on BoE Super Thursday

GBP/JPY daily chart

  • GBP/JPY is trading in a bear trend below the 100 and 200-day simple moving averages (SMAs).
  • The Bank of England Super Thursday provided lots of volatility for the Sterling. 

GBP/JPY 4-hour chart

  • GBP/JPY is trading between the 100 and 200 SMA on the 4-hour chart suggesting a sideways market in the medium-term.

GBP/JPY 30-minute chart

  • Bulls broke above the 142.00 figure and the 50 and 100 SMAs suggesting bullish momentum in the near-term.
  • GBP/JPY needs a break of 142.70 to target 143.30 and 144.00 figure to the upside.
  • On the way down, investors can expect support at 142.10 and 141.40 level. 

Additional key levels

GBP/JPY

Overview:
    Today Last Price: 142.46
    Today Daily change: 23 pips
    Today Daily change %: 0.16%
    Today Daily Open: 142.23
Trends:
    Daily SMA20: 141.93
    Daily SMA50: 141.56
    Daily SMA100: 144.17
    Daily SMA200: 144.97
Levels:
    Previous Daily High: 142.53
    Previous Daily Low: 141.75
    Previous Weekly High: 144.73
    Previous Weekly Low: 142.08
    Previous Monthly High: 144.85
    Previous Monthly Low: 131.79
    Daily Fibonacci 38.2%: 142.05
    Daily Fibonacci 61.8%: 142.23
    Daily Pivot Point S1: 141.81
    Daily Pivot Point S2: 141.39
    Daily Pivot Point S3: 141.03
    Daily Pivot Point R1: 142.59
    Daily Pivot Point R2: 142.95
    Daily Pivot Point R3: 143.37

 

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