Saturday, March 23, 2024 8:32 AM EST
The GBP/JPY retreats deeper below the 190.00 figure after hitting a 9-year high of 193.55, as buyers fail to push through the latter and aim toward the 194.00 mark. At the time of writing, the pair traded at 190.69, down 0.61%.
GBP/JPY Price Analysis: Technical outlook
Despite falling, the GBP/JPY remains upward biased despite posting losses. The confluence of the Tenkan and Kijun-Sen at 190.75 capped the pair’s slide, but downside risks remain. If sellers push the exchange rate below the latter, the pair could aim for 190.00. Further losses are seen below that level, as the 189.00 psychological figure would be up next.
However, the path of least resistance is upwards, and if they reclaim the 191.00 figure, look for further gains. The next resistance would be today’s high at 192.23, followed by the 193.00 mark.
GBP/JPY Price Action – Daily Chart

GBP/JPY
| OVERVIEW |
| Today last price |
190.72 |
| Today Daily Change |
-1.25 |
| Today Daily Change % |
-0.65 |
| Today daily open |
191.97 |
| TRENDS |
| Daily SMA20 |
190.28 |
| Daily SMA50 |
188.85 |
| Daily SMA100 |
186.43 |
| Daily SMA200 |
184.59 |
| LEVELS |
| Previous Daily High |
193.51 |
| Previous Daily Low |
191.85 |
| Previous Weekly High |
190.03 |
| Previous Weekly Low |
187.96 |
| Previous Monthly High |
191.33 |
| Previous Monthly Low |
185.23 |
| Daily Fibonacci 38.2% |
192.48 |
| Daily Fibonacci 61.8% |
192.87 |
| Daily Pivot Point S1 |
191.38 |
| Daily Pivot Point S2 |
190.78 |
| Daily Pivot Point S3 |
189.71 |
| Daily Pivot Point R1 |
193.04 |
| Daily Pivot Point R2 |
194.1 |
| Daily Pivot Point R3 |
194.7 |
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