Thursday, October 15, 2026

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FxWirePro: GBP/JPY faces strong support at 133, good to buy at dips

Major Intraday Resistance – 135.50 (Hourly Tenkan-Sen) Major support – 133 The pair has formed a double bottom around 133.20 level and slightly recovered from that level. It is currently trading around 135.26. Short term…

By FxWire Pro
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FxWirePro: GBP/JPY faces strong support at 133, good to buy at dips
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  • Major Intraday Resistance – 135.50 (Hourly Tenkan-Sen)
     
  • Major support – 133
     
  • The pair has formed a double bottom around 133.20 level and slightly recovered from that level. It is currently trading around 135.26.
     
  • Short term trend is slightly bullish as long as support 134.40 (7 H EMA) holds. Any break below 134.40 will drag the pair down till 133.30/133.
     
  • On the higher side, major resistance is around 136.25 and any break above targets 137/137.65/138.

It is good to buy at dips around 135 with SL around 133.30 for the TP of 136.25/137.60.

 

 

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