GBP/JPY Technical Analysis: Diamond pattern on hourly chart
GBP/JPY's consolidation in the range of 147.00-149.00 has taken the shape of a diamond pattern on the hourly chart. A break above the upper edge of the diamond, currently at 148.00, would signal a resumption of the rally from the lows near 145.00 and could yield a break above 150.00.
A break below the lower edge, currently at 147.66, could yield a pullback to the rising trendline support at 147.19. As of writing, the pair is trading at 147.83.
Hourly chart
-636882241777618602.png)
Trend: Bullish above 148.00
GBP/JPY
Overview:
Today Last Price: 147.89
Today Daily change: -3 pips
Today Daily change %: -0.02%
Today Daily Open: 147.92
Trends:
Daily SMA20: 145.95
Daily SMA50: 143.28
Daily SMA100: 143.51
Daily SMA200: 144.66
Levels:
Previous Daily High: 148.88
Previous Daily Low: 147.38
Previous Weekly High: 148.47
Previous Weekly Low: 144.31
Previous Monthly High: 148.28
Previous Monthly Low: 141.01
Daily Fibonacci 38.2%: 147.95
Daily Fibonacci 61.8%: 148.31
Daily Pivot Point S1: 147.24
Daily Pivot Point S2: 146.56
Daily Pivot Point S3: 145.74
Daily Pivot Point R1: 148.74
Daily Pivot Point R2: 149.56
Daily Pivot Point R3: 150.24