GBP/JPY looking for 142.00 to close out the week

Guppy looking healthy to cap off the week, bidding into the high end for Friday.
Challenging the 142.00 handle has the Guppy challenging a four-week high.

Joshua Gibson FXStreet

GBP/JPY got a much-needed boost on Thursday, driving higher and pinning into 142.25 before settling just below 142.00. The Guppy is trading on the upside to kick off Friday's action, testing above 141.90 as market sentiment in the early Asian market session takes a step higher.

This week's Brexit vote took the Guppy into a low of 137.35, but market sentiment towards the GBP recovered rapidly after PM May's Brexit deal failed in spectacular fashion, sending the GBP/JPY back up the charts through the midweek.

Friday brings Retail Salest for the UK, dropping at 09:30 GMT with the headline annualized figure expected to hold steady around 3.6% for the year into December.

GBP/JPY Technical Levels

GBP/JPY

Overview:
    Today Last Price: 141.93
    Today Daily change: 5 pips
    Today Daily change %: 0.0352%
    Today Daily Open: 141.88
Trends:
    Daily SMA20: 139.39
    Daily SMA50: 142.33
    Daily SMA100: 144.49
    Daily SMA200: 145.6
Levels:
    Previous Daily High: 142.22
    Previous Daily Low: 139.51
    Previous Weekly High: 139.49
    Previous Weekly Low: 137.44
    Previous Monthly High: 145.52
    Previous Monthly Low: 138.86
    Daily Fibonacci 38.2%: 141.19
    Daily Fibonacci 61.8%: 140.55
    Daily Pivot Point S1: 140.18
    Daily Pivot Point S2: 138.49
    Daily Pivot Point S3: 137.47
    Daily Pivot Point R1: 142.9
    Daily Pivot Point R2: 143.92
    Daily Pivot Point R3: 145.61

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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