Select Page

Get More Power Over Your Trading With Less Hassle

FXTechstrategy delivers powerful buy/sell trade ideas with stop losses, price targets and super-easy analysis to help you improve your results

GBPJPY Halts Weakness, Eyes Recovery

GBPJPY: With GBPJPY closing higher on Tuesday on a rejection candle off its key support zone at 175.30/49, it faces recovery risk in the days ahead. On the downside, support comes in at the 175.50 level where a violation will aim at the 174.50 level. A break below here will target the 174.00 level followed by the 173.00 level. Further down, support lies at the 172.00 level. On the upside, resistance lies at the 177.00 level followed by the 178.00 level where a break will aim at the 179.00 level. A cut through here will aim at the 180.00 level. All in all, the cross remains broadly biased to the downside on price weakness but faces recovery risk.

GBPJPYDaily

GET MORE POWER OVER YOUR TRADING WITH LESS HASSLE

The Award-Winning Analysis Solution for Forex & Commoditidy Traders

Your trading, made easier

R
Get 15+ super-easy trade ideas with powerful daily analysis and easy-to-understand strategy eBook
R
Stay on top of every move with price action to help you make easier, faster, and more accurate trading decisions.
R
Whether your strategy is for day trading or swing trading FXTechstrategy analysis fits in seamlessly with no hassles.

See Plans and Get Started