GBP/JPY Technical Analysis: Threatening to sag into 144.00

Despite a quick rise on Monday, the Sterling remains off-balance against the Yen, and GBP/JPY remains pushed into near-term lows.

Joshua Gibson FXStreet

GBP/JPY, 5-Minute

The past two weeks have seen GBP/JPY stuck in a rough ranging pattern, and the Guppy is testing into the bottom end heading into 144.00.

GBP/JPY, 30-Minute

The Guppy is caught on the wrong side of a descending trendline, with this week's early spike bouncing off of a confluence of resistance from the descending trendline and the 50-period moving average, though a medium-term floor is currently priced in from 144.00.

GBP/JPY, 4-Hour

GBP/JPY

Overview:
    Today Last Price: 144.32
    Today Daily change: -35 pips
    Today Daily change %: -0.242%
    Today Daily Open: 144.67
Trends:
    Previous Daily SMA20: 145.96
    Previous Daily SMA50: 146.58
    Previous Daily SMA100: 145.6
    Previous Daily SMA200: 146.94
Levels:
    Previous Daily High: 145.52
    Previous Daily Low: 144.18
    Previous Weekly High: 145.84
    Previous Weekly Low: 144.52
    Previous Monthly High: 149.5
    Previous Monthly Low: 144.02
    Previous Daily Fibonacci 38.2%: 144.69
    Previous Daily Fibonacci 61.8%: 145.01
    Previous Daily Pivot Point S1: 144.06
    Previous Daily Pivot Point S2: 143.45
    Previous Daily Pivot Point S3: 142.71
    Previous Daily Pivot Point R1: 145.4
    Previous Daily Pivot Point R2: 146.14
    Previous Daily Pivot Point R3: 146.75

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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