Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro:GBP/JPY struggles to break below 55- day EMA, good to buy on dips

  • Pattern formed – Triple bottom (Near 141)
     
  • Major resistance - 142.45 (trend line joining 144.78 and 144.69)
     
  • Major Intraday support – 141 (55- day EMA)
     
  • GBP/JPY has once again declined after declining till 141.19 at the time of writing. It has taken support near 55- day EMA and minor weakness can be seen only below that level.
     
  • The pair is facing strong trend line resistance at 142.45 and any close above targets 144.13 high made on Feb 1st 2017/144.78 (Jan 27th 2017 high).
     
  • On the lower side, any break below 140.95 (Feb 14th low) - 141 will drag the pair till 139.58 (200- day MA).


    It is good to buy on dips 141.85-141.90 with SL around 141 for the TP of 144.13/144.78.
  • ET PRO
  • Market Data

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

March 28 21:00 UTC Released

KRBOK Manufacturing BSI*

Actual

78 bln $

Forecast

Previous

79 bln $

March 28 19:00 UTC Released

ARTrade Balance*

Actual

-122 mln $

Forecast

Previous

-106 mln $

March 28 23:50 UTC 2222m

JPRetail Sales YY

Actual

Forecast

0.5 %

Previous

1.0 %

March 29 06:00 UTC 392392m

DEImport Prices YY

Actual

Forecast

7.0 %

Previous

6.0 %

March 29 06:00 UTC 392392m

DEImport Prices MM

Actual

Forecast

0.3 %

Previous

0.9 %

March 29 06:45 UTC 437437m

FRConsumer Confidence

Actual

Forecast

100 bln $

Previous

100 bln $

March 29 08:00 UTC 512512m

ITWage Inflation MM*

Actual

Forecast

Previous

March 29 08:00 UTC 512512m

ITWage Inflation YY*

Actual

Forecast

Previous

March 29 08:00 UTC 512512m

ITConsumer Confidence

Actual

Forecast

Previous

106.6 %

March 29 08:00 UTC 512512m

ITMfg Business Confidence

Actual

Forecast

Previous

106.3 %

Close

Welcome to EconoTimes

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