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GBP/JPY keeping close to the week's high end

  • GBP/JPY finds itself on the upside, buoyed above the 140.00 key level.
  • Market risk sentiment appears to be holding itself upright for the time being.

GBP/JPY is trading on the high end, testing above 140.30 as market sentiment remains on-balance and the Sterling continues to recover from this week's decline-and-bounce on the UK's Brexit vote.

The Guppy ticked into a low near the 139.00 level yesterday before reversing and setting a new high for the week at 140.70, and the pair remains bid into near-term highs for the time being, despite the UK's RICS Housing Price Balance for December, which clocked in at -19%, down from the -13% forecast and the previous reading of -11%.

Next up for the Yen-based pairs will be a showing from the Bank of Japan's (BoJ) Governor Kuroda, who will be delivering notes at the ongoing G20 meeting in Osaka, Japan. Kuroda is expected to speak at 03:20 GMT.

GBP/JPY Technical Levels

GBP/JPY

Overview:
    Today Last Price: 140.35
    Today Daily change: -9.0 pips
    Today Daily change %: -0.0641%
    Today Daily Open: 140.44
Trends:
    Previous Daily SMA20: 139.34
    Previous Daily SMA50: 142.47
    Previous Daily SMA100: 144.52
    Previous Daily SMA200: 145.65
Levels:
    Previous Daily High: 140.71
    Previous Daily Low: 138.99
    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%: 140.05
    Previous Daily Fibonacci 61.8%: 139.65
    Previous Daily Pivot Point S1: 139.39
    Previous Daily Pivot Point S2: 138.33
    Previous Daily Pivot Point S3: 137.67
    Previous Daily Pivot Point R1: 141.11
    Previous Daily Pivot Point R2: 141.77
    Previous Daily Pivot Point R3: 142.83

 

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