Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBP/JPY Trade Idea

  • GBP/JPY has declined slightly after hitting high of 154.58 yesterday. The pair dipped till 153.74 and shown a minor jump from the level. It is currently trading around 153.61.
     
  • Intraday bias is bullish as long as support 153.25 holds. The pair has broken double top formed at 153.61 and this confirms minor bullishness.
     
  • The pair is facing major support at 153.70 (resistance turned into support) and any break below will drag the pair to next level till 153.25 (4H Kijun-Sen)/152.70 (55- 4H EMA)/152.08). Short term bullish invalidation is only below 150.80.
     
  • The major resistance is around 154.60 and any break above will take the pair till 155/155.84 (161.8% fibo).

It is good to buy on dips around 153 with SL around 152 for the TP of 155/155.80.

Resistance
 

R1-154.60
 

R2 -155
 

R3-155.80
 

Support               
 

S1-153.25
 

S2-152.70
 

S3- 152

 

 

 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2018-08-22 07:01:45
0m
2018-08-22 07:01:38
0m
2018-08-22 07:00:52
0m
2018-08-22 07:00:36
0m

August 22 07:00 UTC Released

HUGross Wages YY

Actual

11.2 0

Forecast

Previous

10.9 0

August 22 01:30 UTC Released

AUConstruction Work Done*

Actual

1.6 %

Forecast

0.7 %

Previous

0.2 %

January 31 00:00 UTC 292745292745m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 292745292745m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 304565304565m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 292745292745m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 304565304565m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 292745292745m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 292745292745m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 292745292745m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

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