Technicals

Add as a preferred source on Google

FxWirePro: Buy GBP/JPY on dips

Ichimoku Analysis (Hourly chart) Tenken-Sen- 136.47 Kijun-Sen- 135.94 GBP/JPY was trading higher and recovered more than 700 pips from low of 130.69. The pair is holding above Cloud for more than 4 hours. So jump till 13…

1 min read
FxWirePro: Buy GBP/JPY on dips
Image from the original EconoTimes article

Read the original article

Ichimoku Analysis (Hourly chart)

 

Tenken-Sen- 136.47

 

Kijun-Sen- 135.94

 

GBP/JPY was trading higher and recovered more than 700 pips from low of 130.69. The pair is holding above Cloud for more than 4 hours. So jump till 138.16 (100- H MA)/139.50/140.

 

On the lower side major support is around 136.30 and any break below targets 135/133.16.

 

It is good to buy on dips around 136.80-85 with SL around 136.30 for the TP of 138.15/140.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560