GBP/JPY Technical Analysis: beginning to shake out from 148.50

The GBP/JPY has seen an overall bullish stance over the past twenty-four hours, but downside shocks continue to spread throughout the intraday sessions.

Joshua Gibson FXStreet

GBP/JPY M5

Looking further out, the Guppy remains well-bid off of bounces from the 50-period moving average on 15-Minute candles, currently sitting at 148.40, and early Wednesday action is testing the near-term support level.

GBP/JPY M15

On hourly candles, the GBP/JPY sees firm support from the 50-hour moving average, with the 200-hour moving average sitting far below at 145.40.

GBP/JPY H1

GBP/JPY

Overview:
    Last Price: 148.45
    Daily change: -16 pips
    Daily change: -0.108%
    Daily Open: 148.61
Trends:
    Daily SMA20: 146.3
    Daily SMA50: 146.49
    Daily SMA100: 145.72
    Daily SMA200: 147.48
Levels:
    Daily High: 148.65
    Daily Low: 147.3
    Weekly High: 147.26
    Weekly Low: 143.22
    Monthly High: 149.52
    Monthly Low: 142.78
    Daily Fibonacci 38.2%: 148.13
    Daily Fibonacci 61.8%: 147.82
    Daily Pivot Point S1: 147.73
    Daily Pivot Point S2: 146.85
    Daily Pivot Point S3: 146.39
    Daily Pivot Point R1: 149.07
    Daily Pivot Point R2: 149.53
    Daily Pivot Point R3: 150.41

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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