• GBP/JPY extended the rally from 149.00 after breaking 151.70.
  • Bullish bias remains in place, next targets at 152.35 and 152.65.

The GBP/JPY resumed the upside, after a consolidation on Friday and climbed to 151.17, reaching the highest level since September 17. It remains near the top, holding above 152.00 with a bullish tone intact.

Technical indicators favor more gains over the next session, with the next target around 152.30. Above the next resistance stands at 152.60.

A decline under 151.60 should alleviate the bearish pressure, while a break under 150.80 would expose 150.00.

The pound is up for the fourth consecutive day versus the yen and it climbed above the 20 and 55-day simple moving average. A pause may look likely; still, a daily close above 151.50 should point to more gains.

GBP/JPY 4-hour chart  

gbpjpy

GBP/JPY

Overview
Today last price 152.06
Today Daily Change 0.58
Today Daily Change % 0.38
Today daily open 151.48
 
Trends
Daily SMA20 151.33
Daily SMA50 151.5
Daily SMA100 152.75
Daily SMA200 149.88
 
Levels
Previous Daily High 151.74
Previous Daily Low 151
Previous Weekly High 151.74
Previous Weekly Low 148.96
Previous Monthly High 153.32
Previous Monthly Low 149.19
Daily Fibonacci 38.2% 151.46
Daily Fibonacci 61.8% 151.28
Daily Pivot Point S1 151.07
Daily Pivot Point S2 150.67
Daily Pivot Point S3 150.34
Daily Pivot Point R1 151.81
Daily Pivot Point R2 152.14
Daily Pivot Point R3 152.55

 

 

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