FxWirePro: buy gbpjpy on dips
来源: FxWire Pro - Technicals / 10 十月 2019 07:00:45 America/New_York
Major Resistance - 131.86 (200- H MA)
GBPJPY has halted its 2- week of bearishness and recovered more than 140 pips from low of 130.42. It hits a high of 131.82 and is currently trading around 131.49. The recovery was mainly due to weak yen and a slight recovery in GBP. USDJPY has formed a minor bottom around 106.40 and shown a more than 100 pips recovery.
The near term major intraday resistance is around 131.85 and any violation above will take the pair till 132.35/133.
On the flip side, near term support is around 131.20 and any break below will drag the pair till 130.70/130.40.
It is good to buy on dips around 131.40-45 with SL around 130.80 for the TP of 133.© FxWire Pro 2020. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.