- GBP/JPY Try the immediate support in the nine -day EMA in 191.00.
- The 14 -day RSI falls below 50, pointing out an increase in the bearish impulse.
- The crossroads could prove the immediate resistance in the EMA of 14 days in 191.17.
The GBP/JPY continues its loss streak per third consecutive session, quoting around 191.00 during the European hours on Monday. An analysis of the daily chart showed that the torque remains within the descending channel pattern, indicating a prevailing bearish bias.
In addition, the 14 -day relative force (RSI) index, a key impulse indicator, falls below level 50, strengthening the bearish impulse. However, the GBP/JPY crossing quotes around the exponential mobile socks (EMAS) of nine and 14 days, suggesting that the impulse of the short -term price is neutral.
As for its support, the nine -day EMA at the 191.00 level acts as an immediate support for the GBP/JPY crossing. A rupture below this level could weaken the impulse of the short -term price and lead to the crossroads to navigate the region around a minimum of five months in 187.05, registered on February 7, followed by the lower limit of the channel descending around the psychological level of 186.00.
Upwards, the GBP/JPY crossing could prove the immediate resistance in the 14 -day EMA in 191.17. A rupture above these levels could weaken the bearish bias and support the torque to test the upper limit of the descending channel at the 192.50 level.
GBP/JPY: Daily graphic
LIBRA ESTERLINA PRICE TODAY
The lower table shows the percentage of pounding sterling (GBP) compared to the main currencies today. Libra sterling was the weakest currency against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.08% | -0.04% | -0.24% | 0.03% | -0.18% | -0.23% | 0.09% | |
| EUR | -0.08% | 0.03% | -0.37% | 0.05% | -0.17% | -0.21% | 0.12% | |
| GBP | 0.04% | -0.03% | -0.29% | 0.02% | -0.15% | -0.24% | 0.08% | |
| JPY | 0.24% | 0.37% | 0.29% | 0.28% | 0.10% | 0.22% | 0.32% | |
| CAD | -0.03% | -0.05% | -0.02% | -0.28% | -0.18% | -0.26% | 0.07% | |
| Aud | 0.18% | 0.17% | 0.15% | -0.10% | 0.18% | -0.04% | 0.29% | |
| NZD | 0.23% | 0.21% | 0.24% | -0.22% | 0.26% | 0.04% | 0.32% | |
| CHF | -0.09% | -0.12% | -0.08% | -0.32% | -0.07% | -0.29% | -0.32% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the sterling pound from the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the GBP (base)/USD (quotation).
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.
