FxWirePro: sell GBP/JPY on rallies
ソース: FxWire Pro - Technicals / 24 9 2019 04:07:12 America/New_York
Candlestick pattern- Shooting Star
GBPJPY halted its long winning streak and shown a minor weakness after hitting a high of 135.75 level. The pair hits low of 133.35 and is currently trading 133.73.
The Pound sterling was trading weak with USD after a massive 630 pips recovery this month. The high made was 1.25825 and is currently trading around 1.2435. Any break below 1.2410 confirms minor weakness and a dip till 1.2370 likely.
USDJPY downside support stands at 107-107.10 and pair is hovering slightly above 107.50 level. The overall trend is still weak and a major bullishness only above 109.30-45 level.
On the flip side near term support is around 133.50 (23.6% fib) and any violation below will drag the pair to the next level till 133/132.25 (38.2% fib). Major weakness only below 131.60.
The near term resistance is around 134.60 and any break above targets 135/135.65. Bullish continuation only above 135.65.
It is good to sell on rallies around 133.95-134 with SL around 135 for the TP of 132.25.© 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.