GBP/JPY Technical Analysis: Poised for a bearish rollover below 148.00

09 Nov 2018

  • The past twenty-four hours have seen the GBP/JPY go lopsided, whipping between intraday peaks at 149.50 and near-term lows at 148.80, with a quick nosedive into 148.60 after the US Fed left rates unchanged late on Thursday, and the intraday action is roiling into a rough range that leaves near-term moves in the lurch.

GBP/JPY M5

  • Despite the near-term volatility affecting the Guppy, the mid-term view shows a significant bull run from the pair's clean break of the 200-hour moving average from 144.75, and the 50-hour moving average is providing near-term support from 148.75.

GBP/JPY H1

  • Looking back to the past two months, the current bull move could be close to running to the end of its chain, with the Guppy beginning to gasp for air after failing to make a clean break of late September-early October's upper consolidation boundary from 149.30, and a bearish correction into the 200-period moving average at 147.20 can't be ruled out.

GBP/JPY H4

GBP/JPY

Overview:
    Last Price: 148.96
    Daily change: 7.0 pips
    Daily change: 0.0470%
    Daily Open: 148.89
Trends:
    Daily SMA20: 146.37
    Daily SMA50: 146.65
    Daily SMA100: 145.79
    Daily SMA200: 147.43
Levels:
    Daily High: 149.5
    Daily Low: 148.61
    Weekly High: 147.26
    Weekly Low: 143.22
    Monthly High: 149.52
    Monthly Low: 142.78
    Daily Fibonacci 38.2%: 148.95
    Daily Fibonacci 61.8%: 149.16
    Daily Pivot Point S1: 148.5
    Daily Pivot Point S2: 148.11
    Daily Pivot Point S3: 147.61
    Daily Pivot Point R1: 149.39
    Daily Pivot Point R2: 149.88
    Daily Pivot Point R3: 150.27

 

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