FxWirePro
Short

GBP/JPY upside capped by 10- day MA, good to sell on rallies

FX:GBPJPY   British Pound/Japanese Yen
272 0 9
Major support – 134.60 (21- day MA).

Major resistance – 136.25 (10- day MA).

GBP/JPY             has once again declined sharply after making a high of 136.13. It is currently trading around 135.

The pair has taken support near 21- day MA and slightly recovered from that level. It is facing strong resistance at 10- day MA and struggles to close above that level. Any close above targets 137.15/138.

On the lower side, minor support is around 134.60 (21- day MA) and any break below will drag the pair to next immediate support at 133.94/132.80 ( 61.8% retracement of 129.06 and 138.83).

It is good to sell on rallies around 135.20-25 with SL around 136.25 for the TP of 133.95


United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out