FxWirePro
Short

GBP/JPY breaks major support 163.95, targets 160

FX:GBPJPY   British Pound/Japanese Yen
211 1 6
Major support -163.95 (20 Jan 2016 Low)

Major resistance - 166.60 (21 day 4 HMA)

The pair has recovered till 167.63 (21 day 4H MA) yesterday and started to decline from that level. It has broken major support 163.95 which confirms minor trend reversal a decline till 160/157.16 is possible.

On the higher side major resistance is around 166.60 and break above targets 167.60/169.

Overall trend reversal only above 173.75.

It is good to sell on rallies around 164.10-164.20 with SL around 166.65 for the TP of 160/157.80
Thet
10 months ago
Thanks a Lot !!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out