FxWirePro
Short

GBP/JPY struggles to close above 200dayMA,good to sell on rallie

FX:GBPJPY   British Pound/Japanese Yen
212 0 3
Major trend reversal – close above 186.25 (200 day MA)

GBP/JPY             has made a high of 186.35 and started to decline from that level. Overall trend is weak as long as GBP/JPY             stays below 186.25.

On the lower side it has broken major support 185 (50 day MA) and break below confirms minor trend reversal a decline till 183.97/183 is possible.

The pair’s major resistance is around 185.50 and break above targets 185.90/186.30.

It is good to sell on rallies around 185.15-20 with SL around 186.25 for the TP of 183.97/183
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out