26 Jun 2014
GBP/JPY: On its way to 5th consecutive day of losses?
FXStreet (Bali) - GBP/JPY is trading at 172.90, down -0.06% on the day, having posted a daily high at 173.04 and low at 172.74.
How strong has the move been?
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 52.05, up from 46.35 at the last hour close, while ADX is ranging at 15.68, down from 20.28 previous. Meanwhile, daily RSI is in neutral territory at 56.82. On the hourly GBP/JPY chart, the 200 SMA is declining and currently at 173.11.
What price levels and patterns have to be considered?
Current price is 172.91, with resistance ahead at 172.93 (Hourly 20 EMA), 173.00 (Daily Classic PP), 173.01 (Daily Open), 173.01 (Weekly Low)and 173.04 (Daily High).Next support to the downside can be found at 172.83 (Weekly Classic S1), 172.74 (Daily Low), 172.68 (Daily Classic S1), 172.67 (Yesterday's Low) and 172.61 (Daily 20 SMA).
How strong has the move been?
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 52.05, up from 46.35 at the last hour close, while ADX is ranging at 15.68, down from 20.28 previous. Meanwhile, daily RSI is in neutral territory at 56.82. On the hourly GBP/JPY chart, the 200 SMA is declining and currently at 173.11.
What price levels and patterns have to be considered?
Current price is 172.91, with resistance ahead at 172.93 (Hourly 20 EMA), 173.00 (Daily Classic PP), 173.01 (Daily Open), 173.01 (Weekly Low)and 173.04 (Daily High).Next support to the downside can be found at 172.83 (Weekly Classic S1), 172.74 (Daily Low), 172.68 (Daily Classic S1), 172.67 (Yesterday's Low) and 172.61 (Daily 20 SMA).