Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBPJPY upside capped by 200-H MA, good to sell on rallies

Major resistance - 135 (200 H MA)

 

Ichimoku Analysis (Hourly chart)

 

Tenken-Sen - 134.75

 

Kijun-Sen - 134.75

 

GBPJPY has shown a minor dip after more than 100 pips jump from low of 133.85. The decline is mainly due to major sell-off in GBPUSD. Cable has lost more than 90 pips from high of 1.25583 and hits low at 1.24622. Any break below 1.2400 confirms further weakness.

 

On the higher side, major resistance is around 135.08 and135.25 ( 200-H MA and trend line resistance) and any major bullishness can be seen only above that level. Any break above will take the pair to next level till 136.05/136.28.

 

The near term major support is around 133.85 and any violation below will drag the pair to the next level till 133/132.50.

 

It is good to sell on rallies around 134.55-60 with SL around 135.10 for the TP of 133.

  • ET PRO
  • Market Data

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

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 822703822703m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 822703822703m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 834523834523m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 822703822703m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 834523834523m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 822703822703m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 822703822703m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 822703822703m

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.