GBP/JPY Technical Analysis: probing psychological hurdle of 140.00
The GBP/JPY pair is currently proving the resistance of 140.00. Moreover, that psychological level acted as stiff hurdle three times in the last 12 hours.
Hourly chart
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- The falling channel breakout and the bullish-higher lows, as represented by the ascending trendline, indicate the psychological hurdle of 140.00 could be scaled soon for a test of supply around the trendline sloping downwards from the Nov. 8 and Dec. 14 highs.
- A daily close above that trendline would confirm a bear-to-bull trend change and open up upside toward 142.77 (Oct. 26 low).
- The bullish setup on the hourly chart would be invalidated below 139.00.
Trend: bullish
GBP/JPY
Overview:
Today Last Price: 139.97
Today Daily change: 74 pips
Today Daily change %: 0.531%
Today Daily Open: 139.23
Trends:
Previous Daily SMA20: 139.53
Previous Daily SMA50: 142.82
Previous Daily SMA100: 144.6
Previous Daily SMA200: 145.76
Levels:
Previous Daily High: 140.06
Previous Daily Low: 138.6
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%: 139.16
Previous Daily Fibonacci 61.8%: 139.5
Previous Daily Pivot Point S1: 138.53
Previous Daily Pivot Point S2: 137.83
Previous Daily Pivot Point S3: 137.07
Previous Daily Pivot Point R1: 139.99
Previous Daily Pivot Point R2: 140.76
Previous Daily Pivot Point R3: 141.46