Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBP/JPY Trade Idea

  • Major support – 144.80 (Trend line joining 138.67 and 139.20).
     
  • GBP/JPY formed a minor top around 146.55 on Jun 27th 2017 and declined slightly from that level. It has declined till 145.08.
     
  • The pair is trading slightly below hourly Tenkan-Sen and Kijun-Sen. But it should break below 144.80 for intraday weakness. Any break below 144.80 will drag the pair till 144/143.
     
  • On the higher side, intraday resistance is around 145.40 (200- H MA) and any break above will take the pair till 146.55 (61.8% retracement of 148.11 and 144).

It is good to sell below 144.80 with SL around 145.40 for the TP of 144/143.

Resistance
                   

R1- 145.40

 

R2 -146.55
 

R3- 147.10
 

Support   
 

S1-144.80
 

S2-144
 

S3-143

 

 

 

 

 

 

 

 

 

 

               

  • Market Data
Close

Welcome to EconoTimes

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