Technicals

Add as a preferred source on Google

FxWirePro: Sell GBP/JPY around 187.70-75 with SL around 188.25 for the TP of 186.60/186.25

GBP/JPY has made a high of 189.20 today morning and has started to retreat from that level. Overall trend is weak as long as 189.20 holds. On the downside minor support is around 187.60 and any break below will drag the …

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • GBP/JPY has made a high of 189.20 today morning and has started to retreat from that level. Overall trend is weak as long as 189.20 holds.

  • On the downside minor support is around 187.60 and any break below will drag the pair further down till 187/186.25.

  • The pair's minor resistance is around 188.20 and break above would extend gains till 189/20/190.

It is good to sell on rallies around 187.80-85 with SL around 188.30 for TP of 186.60/186.25

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560