FxWirePro
Long

GBP/JPY faces strong resistance at 163.22, good to buy at dips

FX:GBPJPY   British Pound/Japanese Yen
196 0 7
Major resistance – 163.22 (127% retracement of 162.43 and 159.48)

Major support – 160.80

The pair has made a high of 162.99 and started to retreat from that level. Short term trend is bullish as long as support 160.80 holds.

On the higher any break above 163.22 will take the pair to next level 164.25/166.Minor resistance is at 162.50

The pair is facing major support around 160.80 and break below targets 159.80/159.20 ins short term.

Further weakness only below 159.20.

It is good to buy at dips around 161.80-85 with SL around 160.80 for the TP of 163.20/164.25
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 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