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Analysis For the pair.
Pivot Point is: 148.20
Support 1:148.01
Support 2:147.66
Support 3:147.47
Resistance 1:148.55
Resistance 2:148.74
Resistance 3:149.10
Trading is risky so take risk at your own responsibility and keep in mind the Money management.
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GBPJPY Analysis
Support 145.10
Support 144.40
Support 3142.90
Resistance 147.30
Resistance 148.80
Resistance 149.50
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GBP/JPY is trading near 145.50 before the UK markets open on Friday.
The quote recently took a U-turn from 5-week long ascending trend-line and may rise to 145.90 ahead of aiming the 23.6% Fibonacci retracement of mid-January to March upside, at 146.15.
Should the pair manage to clear 146.15, 147.00 and an immediate downward sloping trend-line at 147.70 could lure buyers.
Also, pair’s sustained rise past-147.70 can help it aim for 148.90, 149.00 and 61.8% Fibonacci expansion (FE) level near 150.00.
Alternatively, pair’s break of adjacent support and a consecutive slide beneath 144.70 becomes pre-requisite for sellers to slip in while looking for 143.70.
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It is really hard to forecast the GBP/JPY chart, as the pair is highly susceptible to a variety of economic and political events in the world. On the chart, strong price spikes often take place which could negatively affect current open positions.Working with such a financial instrument, it is necessary to analyze a large number of facts and peculiarities of the chart behavior which first could seem insignificant. Newbies are not recommended to use the GBP/JPY instrument.
Great Britain Pound vs Japanese Yen
currnt price is 145.16
Closing price, the previous day. 145.31
Opening price. 145.96
The highest price over the last trading day. 145.72
The lowest price over the last trading day 144.51
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Today market is off
It will be restart on next day
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I think buyier earn more money than sellers
Good luck
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GBP/JPY Daily Trade
Sell the pair below 167.75 with targets 167.25 and 166.44. Stop loss 167.95
Above 167.75 buy the pair with 168.55 and 169.36 as targets. Stop loss 167.45
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my technical analysis
Support 1:148.02
Support 2:147.61
Support 3:147.47
Resistance 1:148.54
Resistance 2:148.74
Resistance 3:149.13
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Gbp/Jpy
Current price:144.86
pivot point :145.27
Moving average:sell
volume Oscillator:sell
Resistance level of this pair is:
1# Resistance is: 144.95
2# Resistance is: 145.10
3# Resistance is: 145.24
Supporting level of this pair is :
1# Supporting is: 144.73
2# Supporting is: 144.58
3# Supporting is: 144.42
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as expected this pair making a strong bearish movement right after the news release yesterday......and the support line has been broke by yesterday move but becareful i think this pair is nearing the low and the major revesal will happen soon.....watchout at 129 - 128 area to enter long next week
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Gbp/jpy
Connors RSI:sell
Current Price is ; 145.57
Pivot Point is:146.68
Resistance Price is :
1. Resistance Level:145.72
2. Resistance Level: 145.85
3. Resistance Level: 145.97
Supporting price is :
1. Supporting Level: 145.46
2. Supporting Level: 145.34
3. Supporting Level: 145.21