Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro:GBP/JPY breaks major support around 170, good to sell on rallies

  • Major Support -170

  • Major resistance -171.15 (Kijun-Sen)

  • Major Trend reversal -172.50

  • GBP/JPY has broken major support 170 and declined till 169.80. It is currently trading around 170.

  • Short term trend is weak as long as resistance 172.50 holds. On the higher side any break above 172.50will take the pair to next level till 173/173. minor resistance is around 171.25

  • On the lower side minor support is around 169.80 and break below targets 169/167.80.

It is good to sell on rallies around 170.25-30 with SL around 171.25 for the TP of 167.80

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.