FxWirePro:GBP/JPY breaks trend line support at 144.35, decline till 143.55 likely
Major intraday support – 144.35 (Trend line joining 142.88 and 143.51). Major resistance – 145 The pair is showing a continuous jump from the low of 136.45 and reached till 144.78. It has shown a slight decline on accoun…
Major intraday support – 144.35 (Trend line joining 142.88 and 143.51).
Major resistance – 145
The pair is showing a continuous jump from the low of 136.45 and reached till 144.78. It has shown a slight decline on account of profit booking. It is currently trading around 144.17.
GBP/JPY broken tend line support at 144.35 and any break below will drag the pair till 143.55 (60- H EMA)/142.95 (100- day EMA)/141.55 (200- HMA).
On the higher side, any break above 145 will take the pair till 145.40/146.35 (Dec 20th 2017 high).
It is good to sell on r allies around 144.30-35 with SL around 145 for the TP of 143.55/142.95.
