GBPJPY Buy a break.
GBPJPY - Intraday - We look to Buy a break of 153.76 (stop at 153.44)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A break of 153.75 is needed to confirm follow through bullish momentum.
Prices have reacted from 152.38.
Short term momentum is bullish.
Our profit targets will be 154.66 and 154.86
Resistance: 153.70 / 154.00 / 154.50
Support: 153.20 / 153.00 / 152.70
Confidence is 40%
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A break of 153.75 is needed to confirm follow through bullish momentum.
Prices have reacted from 152.38.
Short term momentum is bullish.
Our profit targets will be 154.66 and 154.86
Resistance: 153.70 / 154.00 / 154.50
Support: 153.20 / 153.00 / 152.70
Confidence is 40%
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.