GBPJPY retains bearish pressure towards 144.25 support following its Thursday sell off. On the downside, support comes in at the 144.50 level where a violation will aim at the 144.00 level. A break below here will target the 143.50 level followed by the 143.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance is seen at the 145.50 level followed by the 146.00 level. A cut through that level will set the stage for a move further higher towards the 146.50 level. Further out, resistance resides at the 147.00 level. All in all, GBPJPY faces further downside pressure. GBPJPY retains bearish pressure towards 144.25 support Click To Tweet
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
GET MORE POWER OVER YOUR TRADING WITH LESS HASSLE
The Award-Winning Analysis Solution for Forex & Commoditidy Traders
Your trading, made easier
Get 15+ super-easy trade ideas with powerful daily analysis and easy-to-understand strategy eBook
Stay on top of every move with price action to help you make easier, faster, and more accurate trading decisions.
Whether your strategy is for day trading or swing trading FXTechstrategy analysis fits in seamlessly with no hassles.