GBP/JPY Technical Analysis: Prices Oscillate Near 149.00

DailyFX

GBP/JPY Technical Analysis – Prices are drifting sideways above support at 148.76, the July 10 low. A break below that aims for the August 8 bottom at 147.58. Near-term trend line resistance is at 150.33, with a move above that targeting the underside of a previously broken upward-sloping barrier now at 151.94.

Confirm your chart-based trade setups with the Technical Analyzer.

View photo

.
dailyclassics_gbp-jpy_body_Picture_12.png, GBP/JPY Technical Analysis: Prices Oscillate Near 149.00

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Rates

View Comments (0)