FxWirePro
Long

GBP/JPY faces resistance around 169.80,break above targets 173.4

FX:GBPJPY   British Pound / Japanese Yen
142 0 3
Major trend line resistance – 169.80 ( trend line joining 170.27 and 170.02)

The pair is facing resistance at 169.80 and break above targets 172/173.45 in short term. It’s minor support is around 168.50 and below that level it will reach 167.70/166.90.

The pair is consolidating in a narrow range for past two days and market awaits UK GDP data for further direction.

UK GDP is expected to grow at 0.5% on quarterly basis slightly above the 0.4% rate recorded in Q3.

Short term trend reversal only below 167.80.

It is good to buy only above 169.80 with SL around 168.50 for the TP of 173.45
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out