Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro- GBPJPY Daily Outlook

GBPJPY showed a minor sell-off from yesterday's top 181.45 on the strong yen. It hits an intraday high of 180.93  and is currently trading around 180.88.

 

 GBPUSD- Trend- Bullish

 The pound sterling consolidating near a 15-month high. The policy divergence between US Fed and BOE supports the Pound sterling at lower levels. Any break above 1.3150 confirms intraday bullishness.

 

 

USDJPY- Bullish

 

 The pair trades lower for the second consecutive day on declining US treasury yields. Significant support is 137/135.

 

 GBPJPY analysis-

 

 The near-term support is around 180, a breach below targets 179.25/178. The immediate resistance is at 181.50, any violation above will take the pair to 182/183.

 

  Indicators (4-hour chart)

 

  CCI (50)- Bearish

 

  ADX- Bearish

 

  It is good to sell on rallies around 181.50 with SL around 182.50 for a TP of 179.28.

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

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