Major resistance - 142.60 (trend line joining 144.73 and 144.13) Major Intraday support – 141.75- 141.90 (200- 4H MA and trend line joining 138.53 and 141.01). GBP/JPY continued its winning streak for past five trading d…
Major resistance - 142.60 (trend line joining 144.73 and 144.13)
Major Intraday support – 141.75- 141.90 (200- 4H MA and trend line joining 138.53 and 141.01).
GBP/JPY continued its winning streak for past five trading days from the low of 138.53 till 142.56 yesterday.
The pair upside capped by trend line resistance at 142.60 and any break above confirms minor bullishness. Any break above will take the pair till next immediate resistance at 144.13 high made on Feb 1st 2017/144.78 (Jan 27th 2017 high).
On the lower side, any break below 141.75 will drag the pair till 141.01 (Feb 10th low)/139.80 (200- day MA).
It is good to buy above 142.60 with SL around 141.75 for the TP of 144.13/144.78.
