| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212

FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook

FxWirePro:GBP/NZD recovers ground after early dip, bias bullish

FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains

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

FxWirePro: USD/JPY catches bid ahead of BoJ meeting

Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact

FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut

NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92

FxWirePro- Major European Indices

FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish

FxWirePro: EUR/NZD steadies ahead of ECB meeting

AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70

FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains

NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone

FxWirePro- Woodies Pivot(Major)

FxWirePro- Major Crypto levels and bias summary

©Econometrics LLC . All Rights Reserved.

GBP/JPY breaks major resistance at 134.05, targets 135.25/136

Monday, August 29, 2016 6:05 AM UTC

Major support- 133.25 (hourly Kijun-Sen).
Major resistance- 134.05
The pair has broken major resistance 134.05 after long time consolidation. GBP/JPY trades higher after Yellen sends hawkish signals in Jackson hole meeting.
It has made a high of 134.39 at the time of writing and is currently trading around 134.35.
The intraday trend is still bullish as long as long as support 133.25 holds. Any break a below 133.25 will drag the pair down till 132.67 (100 –H MA) /131.97 (200 –HMA).The pair should close below 131.97 for further weakness.
On the higher side, any break above 134.05 will take the pair to 135.25/136.

It is good to buy on dips around 134 with SL around 133.25 and TP of 135.25/136

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

Key Crypto Updates

FxWirePro- Major Crypto levels and bias summary

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization

GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision

New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves

Trump Administration Proposes Sweeping Limits on Gender-Affirming Care for Children

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 breaks major resistance at 134.05, targets 135.25/136

Editor's Picks

Welcome to EconoTimes