Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Buy GBP/JPY above trend line (131.10)

  • Major resistance – 131.10 (trend line joining   and 132.25).
     
  • Major support – 129.05.
     
  • GBP/JPY has pared its losses after making a low of 129.63 yesterday. It jumped till 131 at the time of writing.
     
  • The trend line is acting as major intraday resistance and any jump above that level will take the pair to next level till 132.26/133.25 in the short term.
     
  • On the lower side, support is around 130.40 (hourly Kijun-Sen) and any break below targets 129.60/129.06.

It is good to buy above 131.10 with SL around 130.40 for the TP of 132.25/133.25

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.