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GBP/JPY faces strong resistance at 200- day MA, break above targets 143

  • Major resistance – 141.60 (200- day MA)  
               
  • Major support -140
     
  • The pair jumped from the low of 140.17 till 141.47 at the time of writing. It is currently trading around 141.05.
     
  • GBP/JPY upside is capped by 200- day MA and any break above 141.55 will take the pair to next level till 142.58 (30- day EMA)/143.40 (61.8% retracement of 145.40 and 140.17).
     
  • Major support is around 140 and any break below will drag the pair down till 138.50 in the short term.

    It is good to buy above 141.60 with SL around 140.75 for the TP of 142.55/143

 

 

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March 24 14:30 UTC Released

USECRI Weekly Annualized*

Actual

9.0 %

Forecast

Previous

9.6 %

March 24 14:30 UTC Released

USECRI Weekly Index*

Actual

144.6 %

Forecast

Previous

145.5 %

March 27 08:00 UTC 185185m

DEReal GDP YY*

Actual

Forecast

111.0 %

Previous

111.0 %

March 27 08:00 UTC 185185m

EZIfo Expectations*

Actual

Forecast

104.0 %

Previous

104.0 %

March 27 08:00 UTC 185185m

DEIfo Expectations*

Actual

Forecast

104.3

Previous

104.0

March 27 08:00 UTC 185185m

DEIfo Current Conditions*

Actual

Forecast

118.3 %

Previous

118.4 %

March 27 09:00 UTC 245245m

EZIfo Expectations*

Actual

Forecast

4.9 %

Previous

4.9 %

March 27 09:00 UTC 245245m

TRLoans to Non-Fin

Actual

Forecast

Previous

2.3 %

March 27 09:00 UTC 245245m

EZLoans to Non-Fin

Actual

Forecast

Previous

2.3 %

March 27 09:00 UTC 245245m

EZLoans to Households*

Actual

Forecast

2.3 %

Previous

2.2 %

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