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

GBPJPY

GBP/JPY

Overview
Today last price 150.04
Today Daily Change -0.28
Today Daily Change % -0.19
Today daily open 150.32
 
Trends
Daily SMA20 151.22
Daily SMA50 149.15
Daily SMA100 144.79
Daily SMA200 140.99
 
Levels
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

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Are you new to trading or have been trading for a while and you feel stuck?

Try with us!
Become Premium!
   

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD skyrockets to 1.2150 on poor US jobs figures

EUR/USD has hit a new multi-month peak above 1.2150 after the US reported an increase of only 266,000 jobs in April against nearly one million expected. The dollar is under immense pressure. 

EUR/USD News

GBP/USD soars toward 1.40 after disappointing Nonfarm Payrolls

GBP/USD has been extending its gains after the US Nonfarm Payrolls badly disappointed with an increase of only 266,000 jobs in April, nearing 1.40. Earlier, sterling benefited from the UK Conservative Party's gains in local elections. 

GBP/USD News

XAU/USD soars above $1,835 after weak Nonfarm Payrolls

Gold has leaped above $1,835 after the US reported an increase of only 266K jobs in April, far below expectations. Lower US yields support the precious metal.

Gold News

Judge reaffirms order SEC must produce documents on Bitcoin, Ether and XRP in Ripple case

Ripple's victory granted the firm access to the SEC's documents on the three leading cryptocurrencies. The regulatory agency recently denied the possession of these documents.

More Dogecoin News

S&P 500 and Nasdaq: Can the Fed pump anymore after weak jobs report

Well, that was an interesting jobs report. Not too many people were forecasting that one. Just in case you missed it NFP were forecast to come in around the 1 million jobs gained but instead the US only added 266k.

Read more

Forex MAJORS

Cryptocurrencies

Signatures