FxWirePro: GBP/JPY trades above 100- day MA, jump till 152 likely
GBP/JPY was trading higher yesterday and jumped almost more than 125 pips after weaker than expected US jobs data. US dollar was trading weak against all other major after the data. GBP rose more than 100 pips during Fri…
GBP/JPY was trading higher yesterday and jumped almost more than 125 pips after weaker than expected US jobs data. US dollar was trading weak against all other major after the data. GBP rose more than 100 pips during Friday U.S session. US economy gas added only 103k jobs in the maonth of Mar compared to forecast of 193k. US average earnings has shown a minor jump upto 0.3% from 0.1%. it is currently trading around 150.78.
The major resistance is around 151.25 and any break above targets 152/12.25 (61.8% fibo).
On the lower side, near term support is around 150.60 (hourly Kijun-Sen) and any close below will drag the pair till 150/149.77 (200 –H MA).
It is good to buy on dips around 150.55-60 with SL around 149.90 for the TP of 152/152.25.
