GBP/JPY breaks major resistance 155.80

April 19, 2016

Major Resistance – 155.80. The pair has broken major resistance 155.80 and jumped till 156.19. It is currently trading around 156.01. Intraday trend is slightly as long as support 154.95 (7 day EMA) holds.

Any violation below 154.95 will drag the pair till 154.35/153.80/153 in short term. On the higher side break above 155.80 confirms minor trend reversal a jump till 15715/158.15/158.80 is possible. Short term weakness only below 151.50 level.

It is good to buy at dips around 155.95-156 with SL around 154.95 for the TP of 157.15/158.20/158.80

Publication source
Vinson Financials Ltd information  Vinson Financials Ltd reviews

February 17, 2017
Golds rally may falter
The gold price has racked up its 2nd straight day of gains today on the back of US dollar weakness and doubts over an interest rate hike next month from the US Federal Reserve...
February 16, 2017
Where is black gold heading?
The Euro is slowly going down and this is not brought on by the Eurozone situation. Instead, this is fueled by the U.S. Dollar. Yesterday, Janet Yellen gave a speech in the Senate Banking Committee emphasising the fact that it Is not quite right to use the wait-and-see stance regarding the interest rate hike...
February 14, 2017
Will France exit the euro?
The Euro has come under pressure late in the European session today, after analysts warned of the huge costs that France would face should they decide to ditch the European currency...

Larson&Holz IT Ltd Rating
FX Giants Rating
NPBFX Rating
Vantage FX Rating
Exness Rating
OANDA Rating

Beeoptions Rating
Binary Brokerz Rating
UKoptions Rating
OptionTrade Rating
First Binary Option Service Rating
Anyoption Rating