• FxWirePro: gbpjpy jumps sharply as Sterling rebounds, good to buy on dips

    ソース: FxWire Pro - Technicals / 13 10 2019 06:06:46   America/New_York

    GBPJPY is one of the best performers yesterday and has jumped more than 300 pips on the strong Pound sterling. GBP rebounded strongly after UK PM Boris Johnson and Irish counterpart said that "both continue to believe that a deal is in everybody's interest". It has recovered more than 250 pips and hits a high of 1.24686.

     

    On the higher side, near term support is around 133.66 (23.6% fib) and any violation below will drag the pair down till 133/132.

     

    The near term resistance is around 134.80 and any indicative break above targets 135.20/135.75. Any major bullish continuation only above 135.80.

     

    It is good to buy on dips around 133.75-80 with SL around 133 for the TP of 135.75.   

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