FxWirePro
Short

GBP/JPY faces strong support at 156, break below targets 154.40

FX:GBPJPY   British Pound/Japanese Yen
235 0 8
Major support -156 (200 day HMA)

Major resistance -158.50

GBP/JPY             has retreated after making a high of 155.48.It is currently trading around 156.59.

Minor weakness can be seen only below 156. Any indicative break below 156 will drag the pair down till 155.50/155.25/154.40.

Short term bullish invalidation only below 153.50.

On the higher side any break above 157.20 (10 day EMA) will take the pair to next level till 158/158.50/159.

It is good sell below 156 with SL around 157.20 for the TP of 154.40/153.50.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
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 Account and Billing Sign Out