GBP/JPY Technical Analysis: 146.30 offers intermediate halt inside ascending triangle


GBP/JPY trades near 146.50 during early Tuesday. The pair has been clubbed in a small range between 146.30 and 147.00 since Friday, not to forget more than two-month-old ascending triangle formation.

Should the pair slips beneath 146.30 support, 146.00 and 145.60 are likely following supports to gain market attention.

However, quote’s downside under 145.60 could be challenged by the triangle support, near 145.40, a break of which could open the doors for additional south-run to 144.80 and 144.00 and 143.00 consecutive rest-points.

Meanwhile, 146.75 may become immediate resistance ahead of 147.00 and recent highs around 147.20.

If buyers rule trade sentiment past-147.20, 148.10 and March month high near 148.90 might flash on their radar.

GBP/JPY hourly chart

Trend: Pullback expected

Additional important levels

Overview
Today last price 146.55
Today Daily Change -18 pips
Today Daily Change % -0.12%
Today daily open 146.73
 
Trends
Daily SMA20 145.77
Daily SMA50 145.36
Daily SMA100 143.52
Daily SMA200 144.64
Levels
Previous Daily High 147
Previous Daily Low 146.35
Previous Weekly High 147.02
Previous Weekly Low 144.77
Previous Monthly High 148.88
Previous Monthly Low 143.72
Daily Fibonacci 38.2% 146.75
Daily Fibonacci 61.8% 146.6
Daily Pivot Point S1 146.39
Daily Pivot Point S2 146.04
Daily Pivot Point S3 145.73
Daily Pivot Point R1 147.04
Daily Pivot Point R2 147.35
Daily Pivot Point R3 147.69

 

 

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