GBP/JPY trades slightly above trend line resistance, jump till 143 likely
Major Resistance – 141.50 (trend line joining 145.39 and 144.72) Major support – 139.85 (200- H MA) GBP/JPY breaks major trend line resistance at 141.50 and jumped till 142.17 yesterday. It is currently trading around 14…
Major Resistance – 141.50 (trend line joining 145.39 and 144.72)
Major support – 139.85 (200- H MA)
GBP/JPY breaks major trend line resistance at 141.50 and jumped till 142.17 yesterday. It is currently trading around 141.61.
On the lower side, minor support stands at 141.34 (Hourly Kijun-Sen) and any break below will drag the 140.70 (60 –H EMA)/140.35 (100- H EMA)/139.85 (200 –HMA).
The major resistance is around 142.40 and any break above will take the pair till 143.85 (61.8% retracement of 148.43 and 136.47).
It is good to buy on dips around 141.50 with SL around 140.70 for the TP of 142.45/143.85
