GBP/JPY Technical Analysis: Hobbled at 140.00 in post-Christmas range

GBP/JPY is rangebound on intraday charts, just north of the 140.00 major handle with action capped at yesterday's high at 140.80 and low near 139.70.

Joshua Gibson FXStreet

GBP/JPY, 5-Minute

The Guppy is trapped in a sideways pattern for the holidays, and near-term traders will be looking for a break-and-retest towards the downside to set up for a further leg lower.

GBP/JPY, 30-Minute

4-hour candlesticks have the Guppy firmly in a bearish trend, and a break of the 141.00 zone will be a popular zone for reloading short positions heading into 2019.

GBP/JPY, 4-Hour

GBP/JPY

Overview:
    Today Last Price: 140.24
    Today Daily change: -21 pips
    Today Daily change %: -0.150%
    Today Daily Open: 140.45
Trends:
    Previous Daily SMA20: 142.38
    Previous Daily SMA50: 144.44
    Previous Daily SMA100: 144.97
    Previous Daily SMA200: 146.42
Levels:
    Previous Daily High: 140.94
    Previous Daily Low: 139.69
    Previous Weekly High: 143.24
    Previous Weekly Low: 140.24
    Previous Monthly High: 149.5
    Previous Monthly Low: 144.02
    Previous Daily Fibonacci 38.2%: 140.17
    Previous Daily Fibonacci 61.8%: 140.46
    Previous Daily Pivot Point S1: 139.78
    Previous Daily Pivot Point S2: 139.11
    Previous Daily Pivot Point S3: 138.53
    Previous Daily Pivot Point R1: 141.03
    Previous Daily Pivot Point R2: 141.61
    Previous Daily Pivot Point R3: 142.27

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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