Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro- GBPJPY upside capped by 100-H MA, good to sell on rallies

Ichimoku Analysis (Hourly Chart)

 

Tenken-Sen- 150.92

 

 Kijun-Sen- 150.96

 

Previous week high – 153.45

 

GBPJPY took support near the trend line and shown a minor pullback. The weakness in the Japanese yen is supporting the pair at lower levels. The intraday trend of GBPJPY is bearish as long as resistance 151.55 holds.

 

USDJPY- Analysis

Holding above 110 levels. Major resistance to be watched 110.80. Significant support is around 109.

GBPUSD- Bearish

The pair is trading below 1.3700, a dip till 1.3600 possible.

 Technical:

The pair's immediate resistance is around 151, any jump above targets 151.55/152/152.50. Significant bullish continuation if it breaks 153.50. On the lower side, near-term support is around 150. Any indicative violation below targets 149/148/147.40.

 

 Ichimoku Analysis- The pair is trading below Kijun-Sen and Tenken-Sen.

 

 Indicator (Hourly chart)

 

 CAM indicator-Bearish

 

Directional movement index –Bearish

 

It is good to sell on rallies around 151 with SL around 151.55 for a TP of 149.

  • Market Data
Close

Welcome to EconoTimes

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