GBP/JPY Technical Analysis: 146.30 continues to be near-term important resistance


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

Overview
Today last price 146.27
Today Daily Change 11 pips
Today Daily Change % 0.08
Today daily open 146.16
 
Trends
Daily SMA20 145.69
Daily SMA50 145.43
Daily SMA100 143.53
Daily SMA200 144.63
Levels
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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