FxWirePro: buy gbpjpy on dips
ソース: FxWire Pro - Technicals / 16 10 2019 06:30:24 America/New_York
GBPJPY has halted its 4 days of bullishness and shown a minor profit booking. The pair jumped nearly 800 pips due to a strong Pound on Brexit optimism. The Pound sterling was trading extremely higher against USD and flew nearly 5%. The easing of US-China trade tension is also supporting prices as demand for safe-haven assets decreased.
On the flip side, near term weakness only below 137.23 (23.6% fib) and any violation below will drag the pair down till 136.45/135.75.
The near term resistance is around 139.35 and any convincing break above targets 140.40/141/141.70.
It is good to buy on dips around 138 with SL around 137.20 for the TP of 140.© FxWire Pro 2019. 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.