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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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August 20 23:00 UTC Released

JPReuters Tankan DI

Actual

27 %

Forecast

Previous

26 %

August 20 21:00 UTC Released

KRPPI Growth MM*

Actual

0.1 %

Forecast

Previous

-0.4 %

August 21 08:30 UTC 117117m

ID7-Day Reverse Repo*

Actual

Forecast

Previous

6.278 %

August 21 08:30 UTC 117117m

IDDeposit Facility Rate*

Actual

Forecast

Previous

18.283 %

August 21 12:30 UTC 357357m

IDLending Facility Rate*

Actual

Forecast

Previous

0.9 %

August 21 12:30 UTC 357357m

DEZEW Economic Sentiment*

Actual

Forecast

Previous

0.13 %

August 21 12:30 UTC 357357m

USNational Activity Index*

Actual

Forecast

Previous

0.13 %

August 21 12:30 UTC 357357m

CAWholesale Trade MM

Actual

Forecast

-0.4 %

Previous

0.9 %

August 21 14:30 UTC 477477m

TRReuters Tankan DI

Actual

Forecast

Previous

811.8 Bln TRY

August 21 14:30 UTC 477477m

DEZEW Current Conditions*

Actual

Forecast

Previous

811.8 Bln TRY

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