FxWirePro
Long

GBP/JPY breaks major resistance, jump till 158.50 is possible

FX:GBPJPY   British Pound / Japanese Yen
224 0 10
Major resistance- 156.71 (21 day MA)

Major support - 155.85 (7 day EMA )

The pair has been consolidating between 156.66 and 153.63 for the past six trading session. GBP/JPY             has violated above 156.71 (21 day MA) and jumped till 156.80. It is currently trading around 156.68.

Short term trend is weak as long as support 155.85 holds.

Any break below 155.85 will drag the pair down till 155.25/154.40.

On the higher side any break above 156.71 will take the pair till 157.50/158/158.50.

It is good to buy at dips around 156.60-65 with SL around 155.85 for the TP of 157.50/158.45

English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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