Back

GBP/JPY Technical Analysis: Guppy undecided for the third day in a row

  • GBP/JPY is trading near daily highs near the 146.65 supply level, still within the range of the last two days.
  • GBP/JPY bulls need to breakout above 146.65 while bears need to breakout below 145.20 July 2 low to confirm the directionality of the pair. 


GBP/JPY 15-minute chart 

Spot rate:                  146.24
Relative change:        0.23%    
High:                         146.37
Low:                          145.57

Trend:                        Neutral

Resistance 1: 146.65 swing high
Resistance 2: 147.15 supply level
Resistance 3: 148.10 June’s high

Support 1: 146.00 figure
Support 2: 146.38 supply level
Support 3: 145.20 July 2 low
Support 4: 144.59 June 21 low
Support 5: 143.20 current 2018 low

GBP/JPY rises back above 146.00, holds bullish tone

On a quiet day, the pound rose across the board supported by UK PMI Service sector data that showed better-than-expected numbers. More upbeat data inc
আরও পড়ুন Previous

Global market wrap: ECB policymakers uneasy about market's dovishness - ANZ

Analysts at ANZ Bank New Zealand LTD, (ANZ), explained that with US markets closed for the Independence Day holiday, market activity was generally qui
আরও পড়ুন Next