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GBPJPY: Sell below 142 | February 6, 2019

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Major support -142

GBPJPY has halted its minor upside near 76.4% fib and declined more than 200 pips from minor top 144.17 level. It hits low of 142.03 and is currently trading around 142.20.

Intraday trend is still weak as long as resistance 142.56-60 (300- H EMA ) holds. Any break below 142 will drag the pair down till 141.17/140.30. Any break below 140 confirms further bearishness.

The near term major intraday resistance is around 142.56-60 and any violation above targets 143/143.30 (200- H MA).

It is good to sell below 142 with SL around 142.56 for the TP of 140.35.

an hour ago

Trade active: GBPJPY has broken 142 level and a dip till 141.20 likely


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