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GBP/JPY Aims At Key Resistance On Bull Pressure

Published 10/01/2018, 10:27 AM
Updated 07/09/2023, 06:32 AM
GBP/JPY
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GBP/JPY aims at key resistance located at 149.71 level. This is coming on the back of its intra day strength during Monday trading session today. On the downside, support comes in at the 148.50 level where a violation will aim at the 148.00 level. A break below here will target the 147.50 level followed by the 147.00 level. On the upside, resistance resides at the 149.50 level followed by the 150.00 level. A cut through that level will set the stage for a move further higher towards the 150.50 level. Further out, resistance resides at the 151.00 level. Its daily RSI is pointing higher suggesting more strength. All in all, GBP/JPY faces further upside pressure towards its key resistance zone at 149.71
Daily GBP/JPY

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