Technicals

Add as a preferred source on Google

FxWirepro- GBPJPY Daily Outlook

GBPJPY showed a minor pullback after upbeat UK GDP data. It hit a high of 185.20 at the time of writing and is currently trading at around 185.21. GBPUSD- Trend- Neutral The pound sterling recovered mildly after the UK G…

1 min read
FxWirepro- GBPJPY Daily Outlook
Image from the original EconoTimes article

Read the original article

GBPJPY showed a minor pullback after upbeat UK GDP data. It hit a high of 185.20 at the time of writing and is currently trading at around 185.21.

 

 GBPUSD- Trend- Neutral

 

The pound sterling recovered mildly after the UK GPD data.   The UK economy expanded at an annual rate of 0.60% in Q3, above the forecast of 0.50%. Any close above 1.24200 confirms further bullishness.

 

 

USDJPY- Bullish

 

 The pair gained momentum on hawkish Powell comments.  The significant resistance is 152/153.

 

 GBPJPY analysis-

 

 The near-term resistance is around 186, a breach above targets 186.75/188.45 The immediate support is at 184.50, any violation below will drag the pair to 183.60/182.50.

 

  Indicators (4-hour chart)

 

  CCI (50)- Bearish

 

  ADX- Neutral

 

  It is good to buy at dips around 184.75-80 with SL around 184.20 for the TP of 188.

 

 

 

 

 

 

 

 

 

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