FxWirePro
Long

GBP/JPY takes support around 176.75,jump till 179.50 is possible

FX:GBPJPY   British Pound / Japanese Yen
161 views
1
161 0
GBP/JPY has once again recovered after making a low of 176.75. This confirms intraday bullishness and jump till 179.50 cannot be ruled out.

On the downside 177 is acting as short term support and any break below will drag the pair further down till 176.45/175.75.

The pair's short term resistance is around 177.85 and any indicative break above would extend gains till 178.75/179.50
Indicators (4 Hour chart)

CCI (50) - Buy

CCI (14) - Buy

CCI (14)-Buy

Recommendation: Buy GBP/JPY around 177.50, SL 176.45, Targets 178.45/179.40.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out