FxWirePro
Long

GBP/JPY faces resistance at 200 day 4HMA,good to buy at dips

FX:GBPJPY   British Pound/Japanese Yen
254 0 4
GBP/JPY             has made a high of 174.17 on Friday and started to decline from that level .It is currently trading around 172.99.

Short term trend is still bullish as long as support 170.50 (Kijun-Sen) holds. Any break below Kijun-Sen will drag the pair down till 169.95/169.

On the higher side major resistance is around 174.30 (200 day 4HMA) and any break above will take the pair to next level till 175/176.27.

It is good to buy at dips around 172-172.25 with SL around 170.50 for the TP of 175/176.25
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out