FxWirePro: Buy GBP/JPY above trend line resistance
Trend line resistance – 140.35 (trend line joining 144.78 and 142.76). Major intraday support – 139.69 (200- HMA). GBP/JPY was trading in narrow channel for the past ten trading session and is expected to close above the…
Trend line resistance – 140.35 (trend line joining 144.78 and 142.76).
Major intraday support – 139.69 (200- HMA).
GBP/JPY was trading in narrow channel for the past ten trading session and is expected to close above the trend line resistance for the first time in ten days. It is currently trading around 140.30.
On the higher side, any break above 140.35 will take the pair to next level till 141.78/142.05 in the short term.
The near term support is around 139.69 and any break below will drag the pair till 139/138.50.
It is good to buy above 140.35 with SL around 139.69 for the TP of 141.78/142.05
