empty
 
 

2017.04.1908:06:00UTC+00Fxwirepro: Gbpjpy Trades Slightly Above 50- Day Ma, Jump Till 141.20 Likely

  • Major resistance - 139.45 (50- day MA).
     
  • GBP/JPY has shown a massive jump yesterday after making a low of 135.59. The pair broken major resistance of 138 and jumped till 139.96. It is currently trading around 139.67.
     
  • GBP has made a flash rally yesterday after UK PM May shock decision to call a snap general election for Jun 10th.GBP hits highest level since Oct 2016 against USD yesterday.
     
  • On the higher side , the pair is showing a minor jump above 50- day MA today morning. Any break above 139.45 will take the pair to next level 140.19/141.16 (100- day MA).
     
  • The near term support is around 139 (55- day EMA) and any break below will drag the pair till 138 (21- day EMA)/ 137.78 (daily Tenken-Sen).

    It is good to buy on dips around 139.65-70 with SL around 139 for the TP of 141.16.

                               

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback