FxWirePro
Short

GBP/JPY faces resistance at 132.10, good to sell on rallies

FX:GBPJPY   British Pound/Japanese Yen
178 0 8
Major resistance- 132.10 ( trend line joining 133.26 and 132.43).

Major support – 129.80 ( trend line joining 129.06 and 129.62).

GBP/JPY             has pared its losses from its lower level yesterday. It is currently trading around 130.85.

The pair is facing major support at 129.80 and any slight weakness only below that level.

In the 4 hours chart, the pair is trading slightly above Tenkan-Sen (130.80) and it should break above trend line resistance 132.10 for further bullishness. Any break above 132.10 will take the pair to next level till 132.45/133.26 in the short term.

On the lower side, any break below 129.80 confirms minor weakness, decline till 129.06/128 is possible.

It is good to sell on rallies around 130.85-131 with SL around 131.55 for the TP of 129.85/129.06
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