In Tuesday's session, the GBP/JPY gained ground and jumped to 182.50, but the daily chart's bullish momentum appears weak. In line with that, the GBP/
GBP/JPY advanced near 182.50, up by 0.44%. The 100 and 20-day SMA are converging towards 181.50. Indicators on the daily chart suggest that bullish momentum is still weak. JPY has a neutral to bearish technical stance, with the bears gradually recovering and asserting themselves. Despite theRelative Strength Index maintaining a positive slope above its midline, bulls appear not to have the necessary momentum to continue climbing.
In that sense, support levels line up at the 181.50 area, followed by the 181.00 and 180.00 area. On the other hand, resistances are seen at 183.00, 183.50 and 184.00. GBP/JPY Daily chart GBP/JPY Overview Today last price 182.55 Today Daily Change 0.81 Today Daily Change % 0.45 Today daily open 181.74 Trends Daily SMA20 182.14 Daily SMA50 183.34 Daily SMA100 181.27 Daily SMA200 172.39 Levels Previous Daily High 182.76 Previous Daily Low 181.26 Previous Weekly High 182.98 Previous Weekly Low 178.
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