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GBP/JPY Technical Analysis: Breaks 141.00 and points to further gains

  • The pound is up for the third day in a row against the yen and broke above a critical resistance level. A consolidation on to of 141.00 would signal more gains ahead. 
  • The daily chart favors the upside as long as it holds above 141.00. 
  • The recent move to the upside sent price above the 20-day moving average and also on top of a short-term downtrend line. 
  • To the downside, a slide back under 139.50 would point to more weakness ahead.

GBP/JPY Daily Chart



    Today Last Price: 141.42
    Today Daily change: 97 pips
    Today Daily change %: 0.698%
    Today Daily Open: 140.44
    Daily SMA20: 139.34
    Daily SMA50: 142.47
    Daily SMA100: 144.52
    Daily SMA200: 145.65
    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
    Daily Fibonacci 38.2%: 140.05
    Daily Fibonacci 61.8%: 139.65
    Daily Pivot Point S1: 139.39
    Daily Pivot Point S2: 138.33
    Daily Pivot Point S3: 137.67
    Daily Pivot Point R1: 141.11
    Daily Pivot Point R2: 141.77
    Daily Pivot Point R3: 142.83


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