Anticipated Upside Extension on GBPJPY Looms Beyond 140.00 Level


GBPJPY Price Analysis – December 6

GBPJPY is moving with an upside sentiment, resting around the critical barrier, and awaits the next catalyst. The pair’s buyers anticipate a raised prospect of a rally towards the old highs in an extension that looms beyond the 140.00 level.

Key Levels
Resistance Levels: 147.95, 144.95, 142.71
Support Levels: 138.38, 137.50, 134.40
GBPJPY Long term Trend: Ranging
As seen on the daily, the increase from 123.99 level is seen as an advancing phase of the sideway ranging trend from 122.75 (low) level. As long as the 144.95 resistance level stays intact, an eventual downside breakout stays in consolidation.

Nevertheless, the firm breach of the 144.95 level may increase the outlook for a long term bullish reversal. The whole attention may then be altered to a 147.95 resistance level for validation. The chart trend is presently evolving as an ascending trend, which is a bullish signal in the medium term.
GBPJPY Short term Trend: Ranging
GBPJPY edged higher to 140.70 level last week but upside traction has been very unconvincing. Meanwhile, a sustained increase mildly in support as long as 138.23 support level stays intact. The present recovery from 133.04 level may aim for a test on 142.71 high level.

On the downside, however, the breach of 138.38 level may argue that the trend from 142.71 level is starting another falling phase. Intraday bias may be altered back to the downside for 134.40 support level and beneath. is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.