Major resistance – 131.10 (trend line joining and 132.25). Major support – 129.05. GBP/JPY has pared its losses after making a low of 129.63 yesterday. It jumped till 131 at the time of writing. The trend line is acting …
Major resistance – 131.10 (trend line joining and 132.25).
Major support – 129.05.
GBP/JPY has pared its losses after making a low of 129.63 yesterday. It jumped till 131 at the time of writing.
The trend line is acting as major intraday resistance and any jump above that level will take the pair to next level till 132.26/133.25 in the short term.
On the lower side, support is around 130.40 (hourly Kijun-Sen) and any break below targets 129.60/129.06.
It is good to buy above 131.10 with SL around 130.40 for the TP of 132.25/133.25
