Thursday, October 15, 2026

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GBP/JPY Trade Idea

Major resistance - 167.85 (Tenken-Sen) Major intraday Support -166.80 (5 day MA) GBP/JPY has broken major resistance around 167.85 and jumped till 169. It is currently trading around 168.72. It is facing resistance aroun…

By Lis Howell
1 min read
GBP/JPY Trade Idea
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  • Major resistance - 167.85 (Tenken-Sen)
     
  • Major intraday Support -166.80 (5 day MA)
     
  • GBP/JPY has broken major resistance around 167.85 and jumped till 169. It is currently trading around 168.72.
     
  • It is facing resistance around 169.10 and any break above confirms major trend reversal, a jump till 170.50/172 is possible.
     
  • On the lower side major intraday support is around 166.80 and break below targets 166/164.
     
  • Overall trend reversal can happen if it closes above 172 level.

It is good to buy at dips around 168 with SL around 166.80 for the TP of 170.50/172

 

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