GBP/JPY Technical Analysis: Whipping roughly within near-term swing points
|- Brexit headlines continue to lead the Pound around by the nose, with broad-market GBP sentiment swinging back and forth according to the Brexit rumour mill.
- The GBP/JPY saw plenty of whipping over the last twenty-four hours, peaking near 148.35 and seeing an intraday downspike into 146.32 before wrapping up exactly where it started, at 147.60.
GBP/JPY, 5-Minute chart
- The near-term Guppy chart has the pair constrained by the 200-period moving average, but headline-driven action is keeping technical setups from becoming validated as rapid swings in sentiment, coupled with tightened market volumes, push the GBP/JPY around within recent swings.
GBP/JPY, 30-Minute chart
- Looking back over the past three months, the GBP/JPY is once again trapped within a familiar consolidation zone, but technical bias could be leaning towards the downside as the ceiling remains firmly in place from just beneath the 150.00 major handle.
GBP/JPY, 4-Hour chart
GBP/JPY
Overview:
Last Price: 147.52
Daily change: -17 pips
Daily change: -0.115%
Daily Open: 147.69
Trends:
Daily SMA20: 146.3
Daily SMA50: 146.95
Daily SMA100: 145.86
Daily SMA200: 147.28
Levels:
Daily High: 148.44
Daily Low: 146.32
Weekly High: 149.5
Weekly Low: 146.86
Monthly High: 149.52
Monthly Low: 142.78
Daily Fibonacci 38.2%: 147.63
Daily Fibonacci 61.8%: 147.13
Daily Pivot Point S1: 146.53
Daily Pivot Point S2: 145.37
Daily Pivot Point S3: 144.42
Daily Pivot Point R1: 148.64
Daily Pivot Point R2: 149.59
Daily Pivot Point R3: 150.75
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