{"id":106499,"date":"2020-11-10T16:07:20","date_gmt":"2020-11-10T16:07:20","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106499"},"modified":"2020-11-10T16:07:20","modified_gmt":"2020-11-10T16:07:20","slug":"104771-gbp-jpy-move-past-140-00-possible","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104771-gbp-jpy-move-past-140-00-possible\/","title":{"rendered":"GBP\/JPY: Move past 140.00 possible"},"content":{"rendered":"<ul>\n<li><strong>GBP\/JPY extended strong follow-through traction for a second consecutive day on Tuesday.<\/strong><\/li>\n<li><strong>A meaningful move up through the 61.8% Fibo. level points to more upside.<\/strong><\/li>\n<li><strong>Overbought conditions on the hourly chart should provoke caution in aggressive buyers.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">GBP\/JPY saw dip-buying around138.15 region on Tuesday and extended Monday\u2019s 300 pip gains. Strong momentum for the second consecutive session pushed the pair to a two-month high in the European session on Tuesday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Optimism over the COVID-19 vaccine and hopes that a Brexit trade deal will be agreed saw investors push back the expectations of negative BoE interest rates to June 2021. The Pound saw a strong round of short-covering as a result.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0GBP\/JPY\u00a0 has now advanced beyond the 61.8% Fibonacci level of the 142.72-133.05 downfall. This coupled with the breakthrough of an almost one-month-old descending trend-line resistance, sees a\u00a0 set-up which favours buyers supporting the prospects of additional gains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Technical indicators on intraday charts are showing overbought conditions, aggressive buyers should be cautious.and perhaps wait for near-term consolidation, or a\u00a0 pullback to the 139.00.before placing any buy trades..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0GBP\/JPY looks set to pass the key 140.00 psychological mark and target resistance around 140.65-70 . Any follow-through buying could lift the pair towards 141.00 before resistance at 141.30-35.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/JPY extended strong follow-through traction for a second consecutive day on Tuesday. A meaningful move up through the 61.8% Fibo. level points to more upside. Overbought conditions on the hourly chart should provoke caution in aggressive buyers. GBP\/JPY saw dip-buying around138.15 region on Tuesday and extended Monday\u2019s 300 pip gains. Strong momentum for the second [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":83094,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,2675],"tags":[],"class_list":{"0":"post-106499","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-jpy"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/JPY: Move past 140.00 possible - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104771-gbp-jpy-move-past-140-00-possible\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104771-gbp-jpy-move-past-140-00-possible\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104771-gbp-jpy-move-past-140-00-possible\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/JPY: Move past 140.00 possible\",\"datePublished\":\"2020-11-10T16:07:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104771-gbp-jpy-move-past-140-00-possible\\\/\"},\"wordCount\":210,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104771-gbp-jpy-move-past-140-00-possible\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/British-Pound-Consolidates-Gains-NOK.jpg\",\"articleSection\":[\"GBP\",\"JPY\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104771-gbp-jpy-move-past-140-00-possible\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104771-gbp-jpy-move-past-140-00-possible\\\/\",\"name\":\"GBP\\\/JPY: Move past 140.00 possible - 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