• GBP/JPY keeps facing a strong resistance at 153.30/50.
  • The bullish bias is still in place, but the price is near critical short-term support.

The GBP/JPY is moving with a slightly bullish bias, facing a strong resistance around 153.30/50. The bullish outlook is being supported by the critical area around 152.85/90, which contains the 21-SMA and recent lows.

A consolidation below 152.80 should point to further losses to the pound, with the next support seen at 152.30. The slide under 152.80 should negate the bullish outlook.

On the upside, a break above 153.50 should add more strength to the pound, leaving the road open to 154.00. The next resistance is seen at 154.45.

Technical indicators are biased to the upside, but the recent consolidation of GBP/JPY around 153.00 flattened indicators.  

GBP/JPY 4-hour chart

gbpjpy

GBP/JPY

Overview
Today last price 153.1
Today Daily Change 0.00
Today Daily Change % 0.00
Today daily open 153.1
 
Trends
Daily SMA20 152.02
Daily SMA50 153.18
Daily SMA100 152.7
Daily SMA200 147.81
 
Levels
Previous Daily High 153.32
Previous Daily Low 152.62
Previous Weekly High 153.25
Previous Weekly Low 151.17
Previous Monthly High 154.08
Previous Monthly Low 148.46
Daily Fibonacci 38.2% 153.05
Daily Fibonacci 61.8% 152.89
Daily Pivot Point S1 152.71
Daily Pivot Point S2 152.32
Daily Pivot Point S3 152.01
Daily Pivot Point R1 153.4
Daily Pivot Point R2 153.71
Daily Pivot Point R3 154.1

 

 

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