Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

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

 

 

  • ET PRO
  • Market Data

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

October 18 14:30 UTC Released

BRForeign Exchange Flows*

Actual

1.261 Bln USD

Forecast

Previous

0.980 Bln USD

October 18 13:00 UTC Released

RUReal Wages YY

Actual

2.6 %

Forecast

3.9 %

Previous

3.7 %

October 18 23:50 UTC 334334m

JPForeign Bond Investment

Actual

Forecast

Previous

89.2 Bln JPY

October 18 23:50 UTC 334334m

JPForeign Invest JP Stock

Actual

Forecast

Previous

1235.3 Bln JPY

October 18 23:50 UTC 334334m

JPExports YY*

Actual

Forecast

14.9 %

Previous

18.1 %

October 18 23:50 UTC 334334m

JPImports YY*

Actual

Forecast

15.0 %

Previous

15.2 %

October 18 23:50 UTC 334334m

JPTrade Balance Total Yen*

Actual

Forecast

559.8 Bln JPY

Previous

113.6 Bln JPY

October 19 00:00 UTC 344344m

KRBank of Korea Base Rate*

Actual

Forecast

Previous

1.25 %

October 19 00:00 UTC 344344m

ID7-Day Reverse Repo*

Actual

Forecast

4.25 %

Previous

4.25 %

October 19 00:00 UTC 344344m

IDDeposit Facility Rate*

Actual

Forecast

3.50 %

Previous

3.5 %

Close

Welcome to EconoTimes

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