GBPJPY faces strong resistance around 195,good to sell on rallie

FX:GBPJPY   British Pound / Japanese Yen
187 0 3
Candle stick pattern- Bearish engulfing

GBP/JPY             has made a high of 194.58 yesterday and retreated from that level. It is still weak as long as resistance 195 holds.

Any break above major resistance targets 195.85/196.

On the downside major support is around 193 and any break below will drag the pair further down till 192/191.

Bullish invalidation only below 190.50.

It is good to sell on rallies around 193.75-80 With SL around 194.70 for the TP of 192/191.10.
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