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GBP/JPY Technical Analysis: Remains confined in a range near 100-hour EMA after mixed UK jobs data

   •  The cross extended its sideways consolidative price action around 100-hour SMA, with today's mixed UK employment details also failing to provide any meaningful impetus.

   •  The fact that technical indicators on the 1-hourly chart have struggled to gain positive traction seemed to be the only factor capping the overnight bounce from 200-EMA.

   •  Meanwhile, oscillators on 4-hourly/daily charts maintained their bullish bias and support prospects for additional gains/extension of the last week’s strong bullish momentum.

   •  However, a convincing break below the 200-hour EMA, currently near the 147.00 handle, might negate the constructive outlook and prompt some aggressive long-unwinding trade.

GBP/JPY 1-hourly chart


    Today Last Price: 147.69
    Today Daily change %: -0.01%
    Today Daily Open: 147.7
    Daily SMA20: 146.48
    Daily SMA50: 143.66
    Daily SMA100: 143.59
    Daily SMA200: 144.67
    Previous Daily High: 148.39
    Previous Daily Low: 147.01
    Previous Weekly High: 148.88
    Previous Weekly Low: 143.72
    Previous Monthly High: 148.28
    Previous Monthly Low: 141.01
    Daily Fibonacci 38.2%: 147.54
    Daily Fibonacci 61.8%: 147.86
    Daily Pivot Point S1: 147.01
    Daily Pivot Point S2: 146.32
    Daily Pivot Point S3: 145.63
    Daily Pivot Point R1: 148.39
    Daily Pivot Point R2: 149.08
    Daily Pivot Point R3: 149.78


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