GBP/JPY supported by the 200 SMA at H1 chart

GBP/JPY supported by the 200 SMA at H1 chart

The pair has found resistance in the psychological level of 152.00 and now it’s looking to retrace around 50%, according to our Fibonacci forecast. GBP/JPY should make a break below the 200 SMA at H1 chart in order to allow a leg lower that touches the 50% Fibo level at 150.70. If the pair manages to rebound around that area, the next target lies at -23.6% in the 152.61 level.

RSI indicator remains in favor of the bears.

GBPJPYH1.png

Similar

EUR/USD: bullish 'Hammer' pattern

The pair is likely going to reach the nearest resistance at 1.1386. If a pullback from this level happens next, bears will probably try to test...

eur

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera