Thursday, October 15, 2026

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FxWirePro: GBP/JPY faces strong resistance around 195, good to buy at dips

GBP/JPY has made a low of 192.26 in past week and recovered from that level. Major weekly trend reversal level- 192 break below 192 will drag the pair further down till 191/190.50. The short term trend reversal level- 19…

By Lis Howell
1 min read
FxWirePro: GBP/JPY faces strong resistance around 195, good to buy at dips
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  • GBP/JPY has made a low of 192.26 in past week and recovered from that level.
  • Major weekly trend reversal level- 192 break below 192 will drag the pair further down till 191/190.50.
  • The short term trend reversal level- 193.80 and any break below 193.80 will target 193.38/193 in short term.
  • Minor resistance is at 195 and above that take the pair to next target to 195.60/195.85.

It is good to buy at dips around 194.30-35 with SL around 193.80 for the TP of 195.25/195.85

 

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