• 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.

     

    Technical:

    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.   

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