GBP/JPY 1H Chart: Pair trades in wedge

FX:GBPJPY   英镑/日元
For the last 1,5 years, the Pound has been stranded in a rising wedge against the Yen. The upper boundary of this long-term pattern was tested early in February when the Sterling reversed from the 156.60 mark. The pair has since depreciated in another wedge-like formation.

As apparent on the chart, the rate was reluctant to move below the monthly S2 last week; however, the strong bearish sentiment late on Friday pushed it down to the 23.60% Fibo retracement near 149.00.

Meanwhile, the pair has approached a short-term dashed trend-line. In case this line and the combined resistance of the monthly S1, the weekly PP and the 55- and 100-hour SMAs circa 151.50 are breached, a subsequent surge, possibly up to the 154.00, is likely to follow.

On the other hand, the failure to surpass 151.60 should send the pair for a further decline down to 148.00 where the monthly S2 and the weekly S1 are located.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出