• Trade idea gbpjpy (intraday)

    来源: FxWire Pro - Technicals / 27 十月 2020 04:53:26   America/New_York

    Ichimoku analysis (Hourly chart)


    Tenken-Sen- 136.47


    Kijun-Sen- 136.67


    GBPJPY continues to trade weak after a minor jump to 137.06. The dip in Pound sterling due to Brexit uncertainty and rise in Coronavirus case. GBPUSD is facing strong support at 200-H MA at 1.3000 and any violation below that level targets 1.2940/1.2900. The short term trend of GBPJPY is slightly bearish as long as resistance 137.60 holds.



    In the Hourly chart, GBPJPY is facing strong support at 136.30 (trend line support).  Any convincing break below will drag the pair till 136/135.65/135.48. On the higher side, near term intraday resistance is around 137.60 and any indicative break above that level will take till 138/139.


    It is good to sell on rallies around 136.55-60 with SL around 137.10 for the TP of 135.50.