GBP/JPY trades well above 10- day MA, jump till 134.25 likely

FX:GBPJPY   British Pound / Japanese Yen
243 0 5
Pattern formed – double bottom

Major resistance – 131.80

The pair has broken 10- day MA at 131.80 and jumped till 132.26 at the time of writing. It is currently trading around 132.15.

GBP/JPY             is trading well above short term moving average 5- day MA (130.89) and 10- day MA (131.80). But it is trading slightly below daily Tenkan-Sen (132.45). Any break above Tenken-Sen will confirm minor bullishness, a jump till 134.25 (daily Kijun-Sen) /135.68 (55- day EMA ) is possible.

GBP/JPY’S support is around 129.60 and any minor weakness can be seen only below that level. Any violation below 129.60 will drag the pair down till 128.60/126.50 in the short term. The minor support is around 131.80/130.80

It is good to buy on dips around 132 with SL around 130.80 for the TP of 134.20/135.60
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