TipTVFinance

GBP/JPY – Stuck at trend line hurdle

FX:GBPJPY   British Pound/Japanese Yen
Resistance – 162.76, 164.09, 166.08 

Support – 161.62, 160.00, 159.00

  • Repeated failure could trigger a minor bout of weakness that could yield 161.62 (daily low).
  • On the other hand, at least a 15-min closing above 162.76 is essential to bring in fresh bids and fuel rally towards 163+ levels.

Note – Repeated failure at 162.76 could also be an indication of correction in Cable as Yen is likely to stay under pressure ahead of BOJ
bearish here, i believe we are in front of another move down soon. good luck!
Reply
TipTVFinance VladimirRibakov
Agreed. sell-off likely to gather pace if a break is seen below 160.00 from here
Reply
sanmed02 VladimirRibakov
I believe too
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder 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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out