Crypto Technicals: XTZ/USD struggles at 200-DMA resistance (1.1209), break above to see further gains
FxWirePro: GBPJPY Daily Outlook
GBPJPY was trading extremely weak for past 2weeks on ongoing trade tension between US and China. US President bid to blacklist Huawei has further intensified . The uncertainty in Brexit is putting pressure on GBP. The cross party talks between the Tories and Labor to end today without a deal. GBP was trading weak especially against USD and lost more than 250 pips this week.It hits low of 1.27758 lowest level since Feb 2019. GBPJPY hits low of 140.04 and is currently trading around 140.04.
On the lower side, major support is around 140 and any violation below will drag the pair to next level till 139.50/138.60.
The near term resistance is around 141.10 and any violation above will take the pair to next level till 141.65/142.30.Minor bullishness only above 142.30.
It is good to sell on rallies around 141.45-50 with SL around 142.30 for the TP of 138.65.