Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
GBP/JPY offers trade opportunities

GBP/JPY offers trade opportunities

Information is not investment advice

If you look on the weekly chart of GBP/JPY, you will see that the pair has ran into resistance of the 200- and 100-week MAs (143.30 and 142.50). The price tried to fight these lines, but they are powerful obstacles. As a result, there are reasons to start questioning the uptrend, which has been in place since August 2019.

On the D1, GBP/JPY formed a series of lower high trading in a descending wedge. The Awesome Oscillator also drifted lower and lower. The key support lies at 140.35 (trendline support, Fibonacci). The loss of this level will open the way down to 139.30 and 137.90 (200-day MA). This scenario will come true if tensions between the United States and Iran keep escalating.

GBPJPYDaily.png

On the contrary, an advance above 143.00/15 is needed to open the way up to 144.00. At the same time, if such an advance takes place, the area between 144.00 and 146.00 should be considered for selling because the market will have formed a bearish harmonic pattern. A decline below 141.90 will also be a negative development.

GBPJPYH4.png

Similar

USD/JPY: a SELL opportunity

USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.

USD/CAD looks vulnerable

USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.

Popular

Coca-Cola: time for new all-time highs?

Coca-Cola reports its quarterly earnings for the first quarter of 2021 on April 19, 12:30 MT time. What will be the possible impact on the stock price?

Choose your payment system

Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later