FxWirePro
Short

GBP/JPY Short term Outlook:

FX:GBPJPY   British Pound / Japanese Yen
109 views
1
109 0
GBP/JPY has retreated till 177.75 after making a high of 181.03. Overall trend is still bearish as long as 180.25 holds.

On the downside 177.75 is acting as short term support and any break below will drag the pair further down till 177/175.75.

The pair’s short term resistance is around 178.90 and any indicative break above would extend gains till 179.50/180.25.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14)-Sell

Recommendation: Sell GBP/JPY around 178.20, SL 179, Targets 177/175.80.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out