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GBP/JPY

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GBP/JPY

#1
GBP/JPY slides to fresh 6.5-week low as the S&P 500 futures resume slide

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- The GBP/JPY pair fell to 143.88 in Asia, the lowest level since Sept. 10.
- Down 0.74 percent at press time, the S&P 500 futures are likely pushing the anti-risk JPY higher across the board.
- The GBP/JPY cross looks set to test 143.65 (61.8% Fib R of 139.90/149.72).

The GBP/JPY pair fell to a 6.5-week low of 143.88 in Asia and could drop further to 143.65 (61.8% Fib) in Europe, as the S&P 500 futures are indicating that risk aversion is unlikely to abate.

At press time, the JPY cross is trading just below 144.00 and the S&P 500 futures are reporting a 0.75 percent drop.

The blue-chip index posted gains yesterday, however, the relief could be short-lived, as indicated by the losses in the S&P 500 futures

Focus on S&P 500's weekly close

The risk aversion may worsen next week, sending the GBP/JPY well below 143.65 (61.8% Fib), if the S&P 500 closes today below the 50-week exponential moving average (EMA) support of 2,731.

What's more, the GBP side of the story is also looking weak as the chances of a no-deal Brexit outcome are rising. The 5-day and 10-day EMAs are trending south, in favor of the bears. So, it seems safe to say that for GBP/JPY, the path of least resistance is on the downside.

GBP/JPY Technical Levels

Resistance: 144.10 (support of Oct. 24 low on the hourly chart), 144.77 (50-hour EMA), 145.00 (psychological hurdle)

Support: 143.65 (61.8% Fib R of 139.90/149.72), 142.59 (Sept. 4 low), 142.21 (76.4% Fib R of 139.90/149.72)

Source: https://www.fxstreet.com/news/gbp-jpy-s ... 1810260259
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GBPJPY struggles near 20-month lows

#2
GBP/JPY struggles near 20-month lows amid prevalent risk-off mood

  • Selloff across global equities boosts JPY’s relative safe-haven status.
  • Bulls seemed unimpressed by upbeat UK manufacturing PMI print.
  • Brexit uncertainties to keep a lid on any attempted recovery move.

The Japanese Yen continued gaining strong traction across the board, with the GBP/JPY cross tumbling below mid-138.00s to the lowest level since April 2017.

The cross extended Monday's sharp retracement slide from the vicinity of the 141.00 handle and remained under some intense selling pressure for the fourth consecutive session amid the global flight to safety.

Today's disappointing Chinese manufacturing PMI fueled concerns about global economic growth and triggered a fresh wave of global risk-aversion trade, evident from a sea of red across equity markets.

The risk-off mood was seen boosting the Japanese Yen's perceived safe-haven status and turned out to be one of the key factors that prompted some aggressive selling on the first trading day of the New Year.

Meanwhile, upbeat UK manufacturing PMI, which rose to a six-month high level of 54.2 in December, failed to impress bullish traders, albeit helped limit further downfall, at least for the time being.

It would now be interesting to see if the pair is able to attract any buying interest or the ongoing slide marks a fresh bearish breakdown amid persistent uncertainties surrounding the UK's exit from the European Union.

Technical levels to watch

Overview:
Today Last Price: 138.26
Today Daily change: -1.7e+2 pips
Today Daily change %: -1.23%
Today Daily Open: 139.98

Trends:
Previous Daily SMA20: 141.72
Previous Daily SMA50: 144.04
Previous Daily SMA100: 144.93
Previous Daily SMA200: 146.28

Levels:
Previous Daily High: 140.11
Previous Daily Low: 138.06
Previous Weekly High: 141.04
Previous Weekly Low: 138.86
Previous Monthly High: 145.52
Previous Monthly Low: 138.86
Previous Daily Fibonacci 38.2%: 139.33
Previous Daily Fibonacci 61.8%: 138.84
Previous Daily Pivot Point S1: 138.66
Previous Daily Pivot Point S2: 137.33
Previous Daily Pivot Point S3: 136.61
Previous Daily Pivot Point R1: 140.71
Previous Daily Pivot Point R2: 141.43
Previous Daily Pivot Point R3: 142.76

Source: https://www.fxstreet.com/news/gbp-jpy-s ... 1901021006
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GBPJPY stuck at 136.00 as recovery runs out of steam

#3
GBP/JPY stuck at 136.00 as recovery runs out of steam

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  • GBPJPY is struggling to hold onto the key 136.00 level as bearish pressure continues to build.
  • Thursday's bullish push looks set to run out of momentum heading into the week's end.

GBP/JPY is trading into 136.00, strung out at the major technical level after Thursday's drop into 131.51 saw a recovery bounce into 1.13680, but the Sterling is struggling to maintain positive momentum, and the Guppy is beginning to sink back into downside territory.

Market confidence in the GBP remains tethered to Brexit developments, and with no immediate good news expected, the Pound is left to waffle against the safe-haven Yen, with trepidatious markets keeping one foot firmly planted in the risk-off currency as global growth continue to mark in evidence of a steepening slowdown, and investors await a fresh round of bearish headlines to knock them back into sell positions.

GBP/JPY Technical Levels

Overview:
Today Last Price: 135.9
Today Daily change: 4.0 pips
Today Daily change %: 0.0294%
Today Daily Open: 135.86

Trends:
Previous Daily SMA20: 140.98
Previous Daily SMA50: 143.73
Previous Daily SMA100: 144.85
Previous Daily SMA200: 146.15

Levels:
Previous Daily High: 137.64
Previous Daily Low: 131.79
Previous Weekly High: 141.04
Previous Weekly Low: 138.86
Previous Monthly High: 145.52
Previous Monthly Low: 138.86
Previous Daily Fibonacci 38.2%: 134.02
Previous Daily Fibonacci 61.8%: 135.4
Previous Daily Pivot Point S1: 132.56
Previous Daily Pivot Point S2: 129.25
Previous Daily Pivot Point S3: 126.71
Previous Daily Pivot Point R1: 138.4
Previous Daily Pivot Point R2: 140.94
Previous Daily Pivot Point R3: 144.25

Source: https://www.fxstreet.com/news/gbp-jpy-s ... 1901040108
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GBPJPY Technical Analysis: Surpasses 23.6% Fibonacci, continuing bullish correction

#4
Technical Analysis – GBPJPY surpasses 23.6% Fibonacci, continuing bullish correction

GBPJPYH4040118.png

GBPJPY is seeing a pause in the selling pressure after reaching a more than two-year low around 132.48 on Thursday, with the MACD hinting a continuation of the rebound, fluctuating above trigger line in the 4-hour chart. However, the RSI indicator is sloping down in the negative territory, despite the latest upside pullback in the market.

Further bullish actions above the 23.6% Fibonacci retracement level of the downleg from 149.50 to 132.48, near 136.50, could find immediate resistance at the 20-simple moving average (SMA) around 137.70. Higher, the pair could touch the 138.65 resistance, while a climb above this barrier could hit the 38.2% Fibonacci, which overlaps with the 40-SMA of 139.00 at the time of writing.

Alternatively, should the price break the floor around the 23.6% Fibonacci, support could appear at 132.48. If the latter proves a weak obstacle, then the next stop for investors to have in mind is the 129.00 psychological level, taken from the highs on December 2016.

Overall, GBPJPY is still in a downward movement but upside risks are rising in the very short-term.

Source: https://www.xm.com/technical-analysis-g ... tion-92735
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GBPJPY stuck cycling in the 138.00 zone

#5
GBP/JPY stuck cycling in the 138.00 zone as market sentiment awaits trade talks

  • GBPJPY trading into the high end as market sentiment builds on trade talks hope.
  • Brexit remains a key cloud over the Sterling, pending the UK's next parliamentary vote on agreement.

GBP/JPY has stabilized near 138.50, trading in the middle heading into the mid-week as market sentiment hangs in the balance.

Broader markets are awaiting results and announcements from US-China vice-minister-level trade talks, which are extending into a third straight day this week, as investors pin their hopes on improved trade conditions between the two countries to help blow off some of the current pressure built into market sentiment thanks to trade war rhetoric.

Brexit continues to hang off of the Sterling like a dead weight, but divorce proceedings have ground to a standstill pending a parliamentary vote for the UK's current divorce bill, but broader risk appetite remains on the upside, sending the GBP steadily higher against the safe haven Yen in the run-up to results from major trade talks.

GBP/JPY Technical Levels

Overview:
Today Last Price: 138.58
Today Daily change: 23 pips
Today Daily change %: 0.166%
Today Daily Open: 138.35

Trends:
Previous Daily SMA20: 140.37
Previous Daily SMA50: 143.42
Previous Daily SMA100: 144.76
Previous Daily SMA200: 145.99

Levels:

Previous Daily High: 139.45
Previous Daily Low: 137.98
Previous Weekly High: 140.89
Previous Weekly Low: 131.79
Previous Monthly High: 145.52
Previous Monthly Low: 138.86
Previous Daily Fibonacci 38.2%: 138.54
Previous Daily Fibonacci 61.8%: 138.89
Previous Daily Pivot Point S1: 137.74
Previous Daily Pivot Point S2: 137.12
Previous Daily Pivot Point S3: 136.27
Previous Daily Pivot Point R1: 139.21
Previous Daily Pivot Point R2: 140.06
Previous Daily Pivot Point R3: 140.68

Source: https://www.fxstreet.com/news/gbp-jpy-s ... 1901090203
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GBPJPY Technical Analysis: Intraday bounce from 140.70-60 support

#6
GBP/JPY Technical Analysis: Intraday bounce from 140.70-60 support gains traction post-UK jobs data

  • The cross showed some resilience below 100-hour EMA and for the second straight session managed to find decent support near the 140.70-60 horizontal zone.
  • Slightly better-than-expected UK wage growth data and an unexpected downtick in the UK unemployment rate provided a minor lift to the British Pound.
  • Technical indicators on the 1-hourly chart regained positive traction and continue to hold in the bullish territory on 4-hourly/daily charts, supporting bullish bias.
  • A follow-through up-move beyond the overnight swing high, around mid-141.00, will reinforce the constructive set-up and pave the way for additional intraday gains.
  • However, a convincing break below the mentioned support might negate the positive outlook and prompt some aggressive long-unwinding trade amid Brexit uncertainties.

GBP/JPY 1-hourly chart
GBP_JPY (25)-636837470251207823.png

Overview:
Today Last Price: 141.17
Today Daily change: -0.25 pips
Today Daily change %: -0.18%
Today Daily Open: 141.42

Trends:
Daily SMA20: 139.47
Daily SMA50: 142.11
Daily SMA100: 144.45
Daily SMA200: 145.48

Levels:
Previous Daily High: 141.54
Previous Daily Low: 140.69
Previous Weekly High: 142.22
Previous Weekly Low: 137.36
Previous Monthly High: 145.52
Previous Monthly Low: 138.86
Daily Fibonacci 38.2%: 141.21
Daily Fibonacci 61.8%: 141.01
Daily Pivot Point S1: 140.89
Daily Pivot Point S2: 140.37
Daily Pivot Point S3: 140.04
Daily Pivot Point R1: 141.75
Daily Pivot Point R2: 142.07
Daily Pivot Point R3: 142.6

Source: https://www.fxstreet.com/news/gbp-jpy-t ... 1901220945
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GBPJPY Technical Analysis: Signs of indecision, today's close pivotal

#7
GBP/JPY Technical Analysis: Signs of indecision, today's close pivotal

The GBP/JPY market is looking indecisive and the next major move depends on where the pair closes today.

Daily chart
GBPJPY D1 (02-08-2019 0831)-636851916819448933.png

As seen above, the cross witnessed two-way business yesterday before ending largely on the day at 142.63. Essentially, the pair charted a doji candle, which is considered a sign of indecision in the market place.

A close today above 142.63 (high of the doji candle) would confirm an end of the pullback from the recent high of 144.84 and could yield a re-test of that level.

A close below 141.13 (low of the doji candle) would imply a continuation of the sell-off from the recent high of 144.84 and would open the doors to 140.00.

The lower shadow of the doji is bigger than the upper shadow, meaning the bulls were relatively stronger. Therefore, the pair is more likely to see a bullish close above 142.63.

Trend: Neutral

Overview:
Today Last Price: 142.06
Today Daily change: -19 pips
Today Daily change %: -0.13%
Today Daily Open: 142.25

Trends:
Daily SMA20: 142.13
Daily SMA50: 141.5
Daily SMA100: 144.1
Daily SMA200: 144.94

Levels:
Previous Daily High: 142.63
Previous Daily Low: 141.12
Previous Weekly High: 144.73
Previous Weekly Low: 142.08
Previous Monthly High: 144.85
Previous Monthly Low: 131.79
Daily Fibonacci 38.2%: 142.05
Daily Fibonacci 61.8%: 141.7
Daily Pivot Point S1: 141.37
Daily Pivot Point S2: 140.49
Daily Pivot Point S3: 139.86
Daily Pivot Point R1: 142.88
Daily Pivot Point R2: 143.51
Daily Pivot Point R3: 144.4

Source: https://www.fxstreet.com/news/gbp-jpy-t ... 1902080302
外国為替ニュースFundamentals! News Coverage

Re: GBP/JPY

#8
It's stuck consolidating sideways around 142.00, let's see when there will be a breakout.

GBPJPY Technical Analysis: Double top on 4H chart

#9
GBP/JPY Technical Analysis: Double top on 4H chart

GBP/JPY has chared a double top, a bearish reversal pattern, on the 4-hour chart with the neckline support at 144.12. Interestingly, support of the trendline sloping upwards from the Feb. 15 and Feb. 18 lows is also located at 144.12, which makes it a level to beat for the bears,

The breakdown, if confirmed, could yield a drop to 143.22 (target as per the measured move method).

That said, the overall bullish outlook, as indicated by the flag breakout on the daily chart, will remain valid as long as the pair is trading above Tuesday's low of 142.48.

Trend: intraday bearish below 144.12

4-hour chart
GBPJPY H4 (02-21-2019 1039)-636863227056642068.png

GBPJPY D1 (02-21-2019 1039)-636863227473861200.png

Source: https://www.fxstreet.com/news/gbp-jpy-t ... 1902210513
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