26 Nov 2018

GBP/JPY Technical Analysis: Finds acceptance above 200-hour SMA, eyeing a move towards 146.00 handle

• The cross regained positive traction from a descending trend-line resistance break-point turned support and now seems to have found acceptance above 200-hour SMA.

• Technical indicators on the 1-hourly chart have been gaining positive traction and support prospects for an extension of the pair's strong intraday positive momentum.

• Follow-through buying interests, leading to a subsequent move beyond the 146.00 handle -last week's swing high), will add credence to the near-term constructive outlook.

• However, oscillators on the daily chart haven't been able to move out of negative territory and thus, warrant some caution in placing any aggressive near-term bullish bets.

GBP/JPY 1-hourly chart

GBP/JPY

Overview:
    Today Last Price: 145.47
    Today Daily change: 77 pips
    Today Daily change %: 0.532%
    Today Daily Open: 144.7
Trends:
    Previous Daily SMA20: 146.07
    Previous Daily SMA50: 146.91
    Previous Daily SMA100: 145.78
    Previous Daily SMA200: 147.07
Levels:
    Previous Daily High: 145.56
    Previous Daily Low: 144.35
    Previous Weekly High: 145.96
    Previous Weekly Low: 144.01
    Previous Monthly High: 149.52
    Previous Monthly Low: 142.78
    Previous Daily Fibonacci 38.2%: 144.81
    Previous Daily Fibonacci 61.8%: 145.1
    Previous Daily Pivot Point S1: 144.18
    Previous Daily Pivot Point S2: 143.66
    Previous Daily Pivot Point S3: 142.97
    Previous Daily Pivot Point R1: 145.39
    Previous Daily Pivot Point R2: 146.08
    Previous Daily Pivot Point R3: 146.6

GBP/JPY Technical Analysis: Finds acceptance above 200-hour SMA, eyeing a move towards 146.00 handle

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