Get started
FxWirePro

GBP/JPY Short term Outlook

Short
British Pound / Japanese Yen (FX:GBPJPY)  
FxWirePro  
FX:GBPJPY   British Pound / Japanese Yen
1
0
GBP/JPY has broken major support 177.85 (200 day 4HMA) and decline till 175.80 cannot be ruled out.

On the upside minor resistance is around 178.60 and any break above could pave way for next target at 179.25/180.

Indicators (Daily chart)

CCI (50) – Sell

CCI (14) – Sell

Ichimoku-Sell

Recommendation: Sell GBP/JPY around 177.60-65, SL 178.60, Target 175.80.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.