GBP/JPY has declined sharply after hitting high of 143.19 and pair dipped till 141.50 at the time of writing. It is currently trading around 141.68. The pair upside capped by 100- day MA at 143.20 and any further jump ca…
GBP/JPY has declined sharply after hitting high of 143.19 and pair dipped till 141.50 at the time of writing. It is currently trading around 141.68.
The pair upside capped by 100- day MA at 143.20 and any further jump can be seen only above that level. Any brake above will take the GBP/JPY till 144/144.50. The minor resistance is around 142.40 (7- day MA)/143.
On the lower side, pair broken major support of 142.05 (200- day MA) and this confirms minor weakness and a dip till 141.26/140.
It is good to sell on rallies around 142.20-25 with SL around 143.20 for the TP of 141.25/140.
