GBP/JPY Technical Analysis: Sterling drops 170 pips against the Japanese Yen

Flavio Tosti Independent Analyst

GBP/JPY daily chart

GBP/JPY is trading in a bear trend below the 100 and 200-day simple moving averages (SMAs).

GBP/JPY 4-hour chart

GBP/JPY is trading between the 100 and 200 SMA on the 4-hour chart suggesting a sideways market in the medium-term.

GBP/JPY 30-minute chart

Bears broke below the 142.00 figure and the main SMAs suggesting bearish momentum in the near-term.
GBP/JPY bears need a break below 142.40 to target 141.00 and 140.40 level to the downside.
On the way up, investors can expect resistance at 142.00 and 142.80 level.

Additional key levels

GBP/JPY

Overview:
    Today Last Price: 141.44
    Today Daily change: -117 pips
    Today Daily change %: -0.82%
    Today Daily Open: 142.61
Trends:
    Daily SMA20: 142.63
    Daily SMA50: 141.35
    Daily SMA100: 143.86
    Daily SMA200: 144.82
Levels:
    Previous Daily High: 143.34
    Previous Daily Low: 142.32
    Previous Weekly High: 144.18
    Previous Weekly Low: 141.12
    Previous Monthly High: 144.85
    Previous Monthly Low: 131.79
    Daily Fibonacci 38.2%: 142.95
    Daily Fibonacci 61.8%: 142.71
    Daily Pivot Point S1: 142.17
    Daily Pivot Point S2: 141.74
    Daily Pivot Point S3: 141.16
    Daily Pivot Point R1: 143.19
    Daily Pivot Point R2: 143.77
    Daily Pivot Point R3: 144.21

Author

Flavio Tosti

Independent Analyst

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