GBP/JPY faces strong support at 135,good to buy on dips

FX:GBPJPY   British Pound / Japanese Yen
280 0 12
Major support – 135.09 ( 38.2% retracement of 138.83 and 129.06).

Major resistance – 137.10 (10-day MA).

GBP/JPY             has taken support around 38.2% fibo level and recovered sharply from that level. It is currently trading around 136.07.

On the lower side, major support is around 135.09 ( 38.2% retracement of 138.83 and 129.06) and any break below will drag the pair to next immediate support at 133.99/13 in the short term.

The pair has broken major resistance at 10- day MA around 135.53 and slightly jumped from that level. Any break above 136.90 (5- day MA) will take the pair to next level till 138/138.85. It should close above 138.85 for further bullishness.

It is good to buy on dips around 135.80 with SL around 135 for the TP of 136.90/138.
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