The GBPJPY currency pair at a rate of 182.638 is making progress for the second day in a row, reaching its highest point of the week at 182.95.
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- GBP/JPY experiences gains for the second consecutive day, peaking at a weekly high of 182.95.
The pair currently trades last at 182.638.
The previous day high was 182.19 while the previous day low was 180.58. The daily 38.2% Fib levels comes at 181.58, expected to provide support. Similarly, the daily 61.8% fib level is at 181.2, expected to provide support.
GBP/JPY advanced for the second consecutive day on Tuesday, registering gains of 0.36%, reaching a fresh weekly high of 182.95. Nevertheless, toward the close of the day, the GBP/JPY dipped, and as the Asian session began, the GBP/JPY exchanges hands at 182.65, down 0.03%.
The GBP/JPY remains neutral to upward biased, poised to re-test the year-to-date (YTD) high of 184.01, even though it remains below 183.00. It should be said the Chikou Span is about to give a bullish signal, about to break above price action; however, the Tenkan-Sen remains below the Kijun-Sen, with both lines remaining flat, suggesting the GBP/JPY could remain subdued in the near term.
If GBP/JPY breaks to a new weekly high, the first resistance would be the 183.00 figure. A breach of the latter would expose the August 1 high of 183.24, followed by the YTD high of 184.01
Conversely, if GBP/JPY remains below 183.00, that could open the door for a pullback. First support will emerge at the August 8 daily low of 181.37. The following support would be the top of the Ichimoku Cloud (Kumo) at around 180.50/60, followed by the Kijun-Sen and Tenkan-Sen lines, each at around 180.16 and 179.77, respectively.
Technical Levels: Supports and Resistances
GBPJPY currently trading at 182.7 at the time of writing. Pair opened at 182.16 and is trading with a change of 0.3 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 182.70 |
| 1 | Today Daily Change | 0.54 |
| 2 | Today Daily Change % | 0.30 |
| 3 | Today daily open | 182.16 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 181.34, 50 SMA 180.1, 100 SMA @ 173.79 and 200 SMA @ 168.3.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 181.34 |
| 1 | Daily SMA50 | 180.10 |
| 2 | Daily SMA100 | 173.79 |
| 3 | Daily SMA200 | 168.30 |
The previous day high was 182.19 while the previous day low was 180.58. The daily 38.2% Fib levels comes at 181.58, expected to provide support. Similarly, the daily 61.8% fib level is at 181.2, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 181.1, 180.04, 179.49
- Pivot resistance is noted at 182.71, 183.25, 184.31
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 182.19 |
| Previous Daily Low | 180.58 |
| Previous Weekly High | 183.25 |
| Previous Weekly Low | 180.46 |
| Previous Monthly High | 184.02 |
| Previous Monthly Low | 176.32 |
| Daily Fibonacci 38.2% | 181.58 |
| Daily Fibonacci 61.8% | 181.20 |
| Daily Pivot Point S1 | 181.10 |
| Daily Pivot Point S2 | 180.04 |
| Daily Pivot Point S3 | 179.49 |
| Daily Pivot Point R1 | 182.71 |
| Daily Pivot Point R2 | 183.25 |
| Daily Pivot Point R3 | 184.31 |
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