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Jan 14, 2019
GBP/JPY Technical Analysis: The indicator has turned bullish for the first time since November
- GBP/JPY's moving average convergence divergence (MACD) has turned bullish (moved above zero) for the first time since Nov. 14.
- The pair, however, is yet to violate the bearish lower-high and lower-low represented by the trendline connecting the Nov. 8 and Dec. 14 highs. A break above that validate the bullish MACD and open up upside toward 143.86 (Dec. 14 high).
- Supporting the bullish case is the positive crossover between the 5- and 10-day moving averages and the RSI's breach of the descending trendline.
Daily Chart
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Trend: bullish
GBP/JPY
Overview:
Today Last Price: 139.38
Today Daily change: -6.0 pips
Today Daily change %: -0.0430%
Today Daily Open: 139.44
Trends:
Previous Daily SMA20: 139.68
Previous Daily SMA50: 142.99
Previous Daily SMA100: 144.64
Previous Daily SMA200: 145.81
Levels:
Previous Daily High: 139.49
Previous Daily Low: 137.63
Previous Weekly High: 139.49
Previous Weekly Low: 137.44
Previous Monthly High: 145.52
Previous Monthly Low: 138.86
Previous Daily Fibonacci 38.2%: 138.78
Previous Daily Fibonacci 61.8%: 138.34
Previous Daily Pivot Point S1: 138.22
Previous Daily Pivot Point S2: 137
Previous Daily Pivot Point S3: 136.36
Previous Daily Pivot Point R1: 140.07
Previous Daily Pivot Point R2: 140.71
Previous Daily Pivot Point R3: 141.93