Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro- GBPJPY Daily Outlook

Ichimoku Analysis (4-Hour Chart)

 

Tenken-Sen- 152.589

 

 Kijun-Sen- 152.21

 

Previous week low – 148.45

 

GBPJPY is trading higher for the past one week on board-based Pound sterling buying. GBPUSD surged after dovish comments from Fed Chairman Powell. The par is holding well above 1.3900 supported by a decline in delta variant coronavirus and Brexit optimism. The intraday trend is bullish as long as support 152 holds. GBPJPY hits a high of 153.015 and is currently trading around 152.35.

 

 Technical:

 

 The pair's immediate resistance is around 153, any breach above targets 153.50/154/155. Significant bullish continuation if it breaks 156.60. On the lower side, near-term support is around 152. Any indicative violation below targets 151.40/150.60/150/149. Significant trend reversal only if it breaks below 147.40.

 

 Ichimoku Analysis- The pair is trading below 4-hour Tenken-Sen and below Kijun-Sen.

 

 Indicator (4-Hour chart)

 

 CAM indicator-Bullish

 

Directional movement index –Bullish

 

It is good to buy on dips around 152.70-75 with SL around 152 for TP of 155.

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

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