| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro- Major US Indices

FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level

GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro: AUD/USD firms as Australian household spending records sharp jump

FxWirePro: USD/CAD downside pressure builds, key support level in focus

FxWirePro: USD/ CNY gains some upside momentum but still bearish

AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85

FxWirePro: NZD/USD sustains gains as uptrend remains strong

Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45

FxWirePro: USD/ZAR outlook weaker on renewed downside pressure

FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption

FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed

FxWirePro- Major Pair levels and bias summary

NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support

FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains

FxWirePro: GBP/NZD edges higher but bearish outlook persists

©Econometrics LLC . All Rights Reserved.

GBP/JPY Trade Idea

Tuesday, December 8, 2015 12:11 PM UTC

Major trend reversal - close above 186.25 (200 day MA)
GBP/JPY has made a high of 186.35 and started to decline from that level. Overall trend is weak as long as GBP/JPY stays below 186.25.
On the lower side it has broken major support 185 (50 day MA) and break below confirms minor trend reversal a decline till 183.97/183 is possible.
The pair's major resistance is around 185.50 and break above targets 185.90/186.30.

It is good to sell on rallies around 185.15-20 with SL around 186.25 for the TP of 183.97/183

R1-185.50

R2-185.80

R3-186.25

Support

S1- 185

S2-183.95

S3-183

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Cuba Reaffirms Anti-Drug Cooperation as Tensions Rise in the Caribbean

FxWirePro: USD/ZAR outlook weaker on renewed downside pressure

Drones Spotted Near Zelenskiy’s Flight Path in Ireland Trigger Security Alert

IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift

FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed

FxWirePro- Major Pair levels and bias summary

FxWirePro: USD/CAD downside pressure builds, key support level in focus

FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption

FxWirePro: GBP/NZD edges higher but bearish outlook persists

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

GBP/JPY Trade Idea

Editor's Picks

Welcome to EconoTimes