The GBP/JPY reverses its course after posting decent losses of 0.20% on Tuesday and has risen past yesterday’s high of 185.46, as buyers target the current week’s high of 185.95.
GBP/JPY breaks above Tuesday’s high as the uptrend gathers steam. On the upside, key resistance levels lie at 186.00 and the YTD high. If the cross-pair drops below 184.70, downside risks emerge below 184.00. At the time of writing, the cross-pair is trading at 185.57 for a gain of 0.22%. Even though the uptrend remains intact, price action seems overextended, though, in the short term, GBP/JPY buyers could challenge the 186.00 figure, ahead of testing the year-to-date high of 186.77.
Once cleared, the Tenkan-Sen would be up next at 183.36, followed by the Kijun-Sen at 182.76. GBP/JPY Price Chart – Daily GBP/JPY Technical Levels GBP/JPY Overview Today last price 185.53 Today Daily Change 0.59 Today Daily Change % 0.32 Today daily open 184.94 Trends Daily SMA20 182.91 Daily SMA50 182.9 Daily SMA100 182.85 Daily SMA200 174.83 Levels Previous Daily High 185.47 Previous Daily Low 184.65 Previous Weekly High 185.02 Previous Weekly Low 180.77 Previous Monthly High 184.
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