GBP/JPY: Sell on rallies

FX:GBPJPY   British Pound / Japanese Yen
242 0 9
Major resistance- 135.25 (hourly Tenkan-Sen).

Major support – 134.60 ( trend line joining 138.91 and 135.96).

The pair has broken trend line support 134.60 and declined till 134.40 at the time of writing. It is currently trading around 134.61.

Japanese Yen             stays strong against all major pair’s as risk aversion deepens .

Technically intraday trend is weak as long as resistance 135.25 holds . Any break above 135.25 will take the pair to next level at 135.56/136.25/137.Short term trend reversal only above 140 level.

On the lower side, any break below 134.60 will drag the pair down till 134/133.

It is good to sell on rallies around 134.75-134.80 with SL around 135.25 for the TP of 134/133.
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