GBPJPY TECHNICAL ANALYSIS ON DAILY TIMEFRAME(complementary(
Publish Date : 2019/09/26 - 06:35

GBPJPY TECHNICAL ANALYSIS ON DAILY TIMEFRAME


Here’s one for the Fib fans out there! GBP/JPY hit resistance at the 136.00 major psychological handle, which is right below a 38.2% Fibonacci retracement AND is around the 100 SMA on the daily chart.

Oh, and take note that the consolidation also lines up with a clear area of interest for the pair.

Selling at the earliest signs of bearish momentum would give you decent pips especially if Guppy drops back to its 127.50 lows.

Source:babypips

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