Technicals

Add as a preferred source on Google

GBP/JPY takes support around 193 level, jump till 194.20 is possible

GBP/JPY breaks short term trend line support 192.97 and slightly recovering from that level. Intraday trend is bullish as long a support 192.70 holds. Any break below 192.70 will drag the pair further down till 192/191. …

1 min read
GBP/JPY takes support around 193 level, jump till 194.20 is possible
Image from the original EconoTimes article

Read the original article

  • GBP/JPY breaks short term trend line support 192.97 and slightly recovering from that level.

  • Intraday trend is bullish as long a support 192.70 holds. Any break below 192.70 will drag the pair further down till 192/191.

  • On the higher side minor resistance is around 193.50 and break above would extend gains till 194.25/194.60.

It is good to buy around 193.10-15 with SL around 192.70 for the TP of 193.80/194.25

 

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