GBP/JPY rises above 184.00 ahead of Ueda’s speech
GBP/JPY Levels to watch
The technical analysis of the daily chart points to a neutral to a bearish outlook for GBP/JPY, indicating a decline in bullish strength. The Relative Strength Index (RSI) points north above its middle point, while the Moving Average Convergence (MACD) displays stagnant red bars. On the other hand, the pair is above the 20,100,200-day SMAs, indicating that the bulls are in command of the broader picture.
Support levels: 183.20 (20-day SMA), 182.00, 181.00
Resistance levels: 184.00, 185.00, 186.00.
The technical analysis of the daily chart points to a neutral to a bearish outlook for GBP/JPY, indicating a decline in bullish strength. The Relative Strength Index (RSI) points north above its middle point, while the Moving Average Convergence (MACD) displays stagnant red bars. On the other hand, the pair is above the 20,100,200-day SMAs, indicating that the bulls are in command of the broader picture.
Support levels: 183.20 (20-day SMA), 182.00, 181.00
Resistance levels: 184.00, 185.00, 186.00.