GBP/JPY Price Analysis: Buyers reclaimed 192.00 as morning star forms

Source Fxstreet
  • GBP/JPY climbs past 192.00, buoyed by light economic data and upbeat sentiment.
  • Resistance at 192.24, 192.50, with eyes on 193.00+.
  • Defined support levels mark potential reversal points if retreat occurs.

The GBP/JPY climbed 0.29% late in the North American session after bouncing off daily lows reached earlier at around 191.35. Risk appetite improvement amid a light economic docket sponsored a rally in the cross-pair, which trades at 192.10.

GBP/JPY Price Analysis: Technical outlook

The GBP/JPY daily chart suggests the air is neutral to slightly upwards after buyers reclaimed 192.00. If the pair surpasses the April 4 high of 192.24, look for a test of 192.50. A breach of the latter will open the door to challenging the 193.00 figure. Further upside is seen at 193.53.

 On the other hand, if the cross dives below 192.00, that would expose the Tenkan-Sen level at 191.14. Once surpassed, the next support would be the Senkou Span A at 190.94, ahead of the Kijun-Sen at 190.74. in further weakness, the next stop would be the April 2 low of 190.03.

GBP/JPY Price Action – Daily Chart

GBP/JPY

Overview
Today last price 192.1
Today Daily Change 0.48
Today Daily Change % 0.25
Today daily open 191.62
 
Trends
Daily SMA20 190.76
Daily SMA50 189.7
Daily SMA100 187
Daily SMA200 185.07
 
Levels
Previous Daily High 191.64
Previous Daily Low 190.68
Previous Weekly High 192.25
Previous Weekly Low 190.04
Previous Monthly High 193.54
Previous Monthly Low 187.96
Daily Fibonacci 38.2% 191.27
Daily Fibonacci 61.8% 191.05
Daily Pivot Point S1 190.99
Daily Pivot Point S2 190.35
Daily Pivot Point S3 190.03
Daily Pivot Point R1 191.95
Daily Pivot Point R2 192.28
Daily Pivot Point R3 192.91

 

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Outlook 2025As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.
Author  TradingKey
Jan 23, Thu
As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.
placeholder
WTI moves above $64.50 due to odds of Saudi Arabia raising August Oil prices for AsiaWest Texas Intermediate (WTI) Oil price gains ground for the second successive session, trading around $64.60 during the European hours on Tuesday.
Author  FXStreet
Jul 01, Tue
West Texas Intermediate (WTI) Oil price gains ground for the second successive session, trading around $64.60 during the European hours on Tuesday.
placeholder
Dogecoin Closes June In The Red With 14% Losses, Will July Be Any Better?With the close of June, the Dogecoin price has once again confirmed the bearish trend of the month.
Author  Bitcoinist
Jul 02, Wed
With the close of June, the Dogecoin price has once again confirmed the bearish trend of the month.
placeholder
Solana (SOL) Cools After Recovery — Resistance Proving Difficult to CrackSOL price is now correcting gains and might struggle to rise above the $155 resistance.
Author  NewsBTC
Jul 04, Fri
SOL price is now correcting gains and might struggle to rise above the $155 resistance.
placeholder
Silver Price Forecast: XAG/USD consolidates right below $37.00 in risk-off marketsSilver consolidates the previous two days' gains and remains pinned near $37.00.
Author  FXStreet
Jul 04, Fri
Silver consolidates the previous two days' gains and remains pinned near $37.00.
Related Instrument
goTop
quote