You are here: Home > articles > Forex > Technical Analysis – GBPJPY unlocks fresh 26-month high around 145.00
Technical Analysis – GBPJPY unlocks fresh 26-month high around 145.00
February 10, 2021 11:25 amVideo
Latest News
- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
- Week Ahead – More inflation data on the way as rate cut bets thrown into disarray April 12, 2024
- Bitcoin will thrive during supply crisis April 12, 2024
- Technical Analysis – EURUSD plummets after US CPI and ECB decision April 12, 2024
GBPJPY is edging higher after the bounce off the 144.10 support, recording a fresh 26-month high above 145.00. In trend indicators, the Ichimoku lines are pointing upwards, while the simple moving averages (SMAs) are following the price action. The RSI indicators is heading north towards the 70 level, while the MACD is ticking up in the positive area.
In case the buying interest intensifies, the next resistance could come at 147.95, taken from the peak on December 2019. However, the pair may pause its run at the 146.00 and 147.00 psychological levels.
On the other hand, a downside correction may send the price until the 20-period SMA at 144.60 ahead of 144.10, which overlaps with the 40-period SMA. Steeper declines could drive the market until the 23.6% Fibonacci retracement level of the up leg from 136.90 to 144.90 at 144.04, which holds near the 200-period SMA.
Summarizing, GBPJPY has been in an upside tendency since December and only a drop beneath the 200-period SMA may change this outlook.
The post Technical Analysis – GBPJPY unlocks fresh 26-month high around 145.00 first appeared on XM.
Related Posts: