TipTVFinance

GBP/JPY – More losses below 50-DMA

FX:GBPJPY   British Pound/Japanese Yen
Pair’s retreat from the six-week high of 138.83 to near 50-DMA level of 134.88 suggests a short-term top is in place and the pair may witness a bout of congestion in the short-term.

Bears should watch out for a break below 50-DMA as that could yield further sell-off towards 130.00 levels.

On the other hand, a rebound from 50-DMA followed by a break above 5-DMA could yield a break above recent high of 138.83 levels in the subsequent days.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
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 My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out