Home GBP/JPY Sees Price Hesitation

GBPJPY – The cross may continue to maintain its broader uptrend medium term but faces corrective pullback risk. On the upside, resistance lies at the 186.00 level followed by the 187.00 level where a break will aim at the 188.00 level.

A cut through here will aim at the 188.50 level. On the downside, support comes in at the 183.00 level where a violation will aim at the 182.00 level. A break below here will target the 181.00 level followed by the 180.00 level.

Further down, support lies at the 179.50 level. All in all, the cross remains biased to the upside medium term.

eurusd

FX Tech Strategy

FX Tech Strategy

FX Tech Strategy provides simple forex research for Intra-day, swing and position traders. For over 6 years, FXTechstrategy has been committed to providing forex traders including intra-day, swing and position traders exceptional forex research with technical analysis expertise that makes trading decisions easy and painless. FXTchstrategy won Best Technical Analysis (forex best awards) by fxstreet in 2011 and was finalists, Star Awards by traderplanet in 2011 & 2012.