FxWirePro
Short

GBP/JPY upside capped by 7 day EMA, good to sell on rallies

FX:GBPJPY   British Pound/Japanese Yen
315 1 17
Major resistance – 134.40 (7 day EMA ).

The pair has declined sharply from the high of 134.02 yesterday. It is currently trading around 133.11.

In the hourly chart, GBP/JP Y is trading slightly well below Tenkan-Sen (133.25) and Kijun-Sen (133.45).

On the higher side, the pair should break above 134.40 for further bullishness. Any break above 134.40 will take the pair till 135.25/135.50/136.25.

It must break above 140 for the short-term trend reversal. The support is around 132.20 (Aug 6th low) and the break below will drag the pair till 131.60/130.

It is good to sell on rallies around 133.20-133.30 with SL around 134.40 for the TP of 132.20/130
its good sell the rallies 133.20 and take profit 135.50 .. i think ur typed incorrectly
Reply
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out