Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro- GBPJPY Daily Outlook

GBPJPY lost its shine on the weak Pound sterling. It hit a low of 185.51 at the time of writing and is currently trading at around 186.10.

 

 GBPUSD- Trend- Bullish

 

The pound sterling pared most of its gains as demand for riskier assets declined. The renewed Geo political tension between Israel and Hamas supports the US dollar at lower levels. Any close below  1.2600 confirms further bearishness.

 

 

USDJPY- Bearish

 

 The pair trades weak on dovish-fed expectations. The significant support is 146.50/145.

 

GBPJPY

 

The near-term resistance is around 186.20, a breach above targets 186.60/187.50/188.65. The immediate support is at 185, any violation below will drag the pair to 184.50/183.

 

  Indicators (4-hour chart)

 

  CCI (50)- Bearish

 

  ADX- Bearish

 

  It is good to sell on rallies around 186 with SL around 187 for the TP of 184.

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

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