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GBP/JPY Technical Analysis: Brief pop into 140.50 still set for further downside

  • Holiday action has seen the Guppy remain trapped in familiar ranges, though GBP/JPY is seeing some testing into the high end as markets come back to life ahead of the new year, ticking above 140.50 despite failing to make the run into 141.00.

GBP/JPY, 5-Minute

  • The last two weeks have shown the Guppy prone to bouts of sideways momentum before heading back into lower territory, and GBP/JPY still has a long way to go before setting up a technical recovery of the last swing high 

GBP/JPY, 30-Minute

  • Last week saw the Guppy mark in a new low for 2018 at 139.59, and bearish momentum could carry the pair back into a new low before January's markets open.

GBP/JPY, 4-Hour

GBP/JPY

Overview:
    Today Last Price: 140.53
    Today Daily change: -23 pips
    Today Daily change %: -0.163%
    Today Daily Open: 140.76
Trends:
    Previous Daily SMA20: 142.6
    Previous Daily SMA50: 144.55
    Previous Daily SMA100: 144.99
    Previous Daily SMA200: 146.46
Levels:
    Previous Daily High: 140.88
    Previous Daily Low: 139.47
    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%: 140.34
    Previous Daily Fibonacci 61.8%: 140.01
    Previous Daily Pivot Point S1: 139.86
    Previous Daily Pivot Point S2: 138.96
    Previous Daily Pivot Point S3: 138.44
    Previous Daily Pivot Point R1: 141.27
    Previous Daily Pivot Point R2: 141.78
    Previous Daily Pivot Point R3: 142.68

 

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