GBP/JPY Price Analysis: Pound fails to hold above 150.60, keeps testing 150.00

  • GBP/JPY continues to move sideways after being unable to hold above 150.60.
  • Pound shows vulnerability to the downside, continues to test 150.00.

The GBP/JPY traded momentarily above 150.50/60 but failed to hold and pulled back, reaching levels under 150.00. It continues to move sideways after the decline from 153.00.

Technical indicators are flatting, offering no clear signs. The bias is biased slightly to the downside. A consolidation below 149.90 would deteriorate the outlook, suggesting a test of the weekly low at 149.60. Below, the next target is seen at 149.00/10.

A recovery above 150.60 would alleviate the bearish pressure, pointing to an extension to the 151.10/15 area (horizontal resistance / previous uptrend line). The next level to watch is 151.25 (20-day SMA).

GBP/JPY 4-hour chart



Today last price 150.04
Today Daily Change -0.28
Today Daily Change % -0.19
Today daily open 150.32
Daily SMA20 151.22
Daily SMA50 149.15
Daily SMA100 144.79
Daily SMA200 140.99
Previous Daily High 150.59
Previous Daily Low 149.76
Previous Weekly High 153.42
Previous Weekly Low 149.59
Previous Monthly High 152.79
Previous Monthly Low 148.12
Daily Fibonacci 38.2% 150.08
Daily Fibonacci 61.8% 150.27
Daily Pivot Point S1 149.86
Daily Pivot Point S2 149.4
Daily Pivot Point S3 149.03
Daily Pivot Point R1 150.69
Daily Pivot Point R2 151.05
Daily Pivot Point R3 151.51



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