- The GBP/JPY daily chart shows the pair trading near the bottom of the Ichimoku (Kumo) cloud.
- Initial support is at 181.50/55; if it overcomes it, it could test 18.00 and the October 3 low at 178.31.
- First resistance at 182.00, followed by the week’s high at 182.81.
The pair GBP/JPY trended lower late in the New York session, after reaching a daily high of 182.51, although deteriorating sentiment encouraged outflows from the British Pound (GBP) towards the safe-haven Japanese yen (JPY). The pair is trading at 181.98, down 0.01%.
From a technical point of view, the GBP/JPY daily chart shows the pair weakening, trading within the Ichimoku (Kumo) cloud near the bottom of it. If the pair breaks through the initial support seen at 181.50/55, it will pave the way to test 18.00, followed by the October 3 low at 178.31. Further declines are expected to the daily level of July 28 and the latest cycle low at 176.30.
Conversely, the first resistance for GBP/JPY would be the 182.00 figure, followed by the current week’s high at 182.81. Additional upside risks lie above 183.00, such as the Kumo top around 184.50/75.
GBP/JPY Price Action – Daily Chart
GBP/JPY Technical Levels
GBP/JPY
Overview | |
---|---|
Latest price today | 182 |
Today Daily variation | -0.02 |
Today Daily variation % | -0.01 |
Today’s daily opening | 182.02 |
Trends | |
---|---|
daily SMA20 | 181.87 |
daily SMA50 | 183.39 |
SMA100 daily | 181.93 |
SMA200 daily | 173.19 |
Levels | |
---|---|
Previous daily high | 182.81 |
Previous daily low | 181.85 |
Previous weekly high | 183.82 |
Previous weekly low | 181.26 |
Previous Monthly High | 185.78 |
Previous monthly low | 180.82 |
Daily Fibonacci 38.2 | 182.22 |
Fibonacci 61.8% daily | 182.45 |
Daily Pivot Point S1 | 181.64 |
Daily Pivot Point S2 | 181.26 |
Daily Pivot Point S3 | 180.68 |
Daily Pivot Point R1 | 182.61 |
Daily Pivot Point R2 | 183.19 |
Daily Pivot Point R3 | 183.57 |
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.