GBP/JPY is on the bids near 146.20 during early Wednesday. The pair recently took a U-turn from 145.95 but is yet to clear a downward sloping trend-line stretched since April 15 that limit the upside around 146.30. Additionally, a horizontal-line connecting low marked on April 12 and 15 also highlights the importance of 146.30 figure.
In a case prices rise above 146.30, 146.75, 147.00 and recent highs around 147.20 could entertain buyers.
Should there be additional upside momentum past-147.20, 148.10 and March month high near 148.90 could become bulls’ favorites.
Given the quote continues to trade beneath 146.30, 146.00 and 145.60 could appear on the chart whereas an ascending trend-line from March 29, at 145.40, might challenge sellers then after.
During the pair’s decline under 145.40, 144.80 and 144.00 could prove their worth as supports.
GBP/JPY hourly chart
Trend: Pullback expected
Additional important levels
|Today last price||146.27|
|Today Daily Change||11 pips|
|Today Daily Change %||0.08|
|Today daily open||146.16|
|Previous Daily High||146.84|
|Previous Daily Low||146.01|
|Previous Weekly High||147.02|
|Previous Weekly Low||144.77|
|Previous Monthly High||148.88|
|Previous Monthly Low||143.72|
|Daily Fibonacci 38.2%||146.32|
|Daily Fibonacci 61.8%||146.52|
|Daily Pivot Point S1||145.84|
|Daily Pivot Point S2||145.51|
|Daily Pivot Point S3||145.01|
|Daily Pivot Point R1||146.66|
|Daily Pivot Point R2||147.16|
|Daily Pivot Point R3||147.49|
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