Gbp/Jpy support and resistance
Monthly Chart: over all trend is down A = 215.87 B 118.82, retrace up to 163.079 but unable to break under 118.82 and now 1.33.40. Main resistance @ 136.85 followed by 144.40.
Weekly Chart Weekly candle opening above inner above inner T/L and 1.32.42 main support but facing resistance @ 133.60-134.00 area first resistance line as shown on the chart above that we 135.40, 136.27 and 137.22
Daily Chart : finding support At 133.06 on the left side of chart and above 132.16 strong support now. Resistance at 134.60-135.04
8H and 4H charts, Higher highs, higher lows, break support come back and test. 132.16 and 1.3306 must hold to continue this up move to monthly target 1.3685. I am marginally bullish on Gbp/Jpy with strong confirmation above 133.60 on the 1H chart.
Monthly Chart: over all trend is down A = 215.87 B 118.82, retrace up to 163.079 but unable to break under 118.82 and now 1.33.40. Main resistance @ 136.85 followed by 144.40.
Weekly Chart Weekly candle opening above inner above inner T/L and 1.32.42 main support but facing resistance @ 133.60-134.00 area first resistance line as shown on the chart above that we 135.40, 136.27 and 137.22
Daily Chart : finding support At 133.06 on the left side of chart and above 132.16 strong support now. Resistance at 134.60-135.04
8H and 4H charts, Higher highs, higher lows, break support come back and test. 132.16 and 1.3306 must hold to continue this up move to monthly target 1.3685. I am marginally bullish on Gbp/Jpy with strong confirmation above 133.60 on the 1H chart.