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GBPJPY 19.01.2021
Overview:
Prices are moving in a short-term uptrend
Expected:
The pair is approaching a strong resistance level around 141.35, which enhances the downside chances during the day's trading to 140.90
Alternative Scenario:
On the other hand, we think that if the level of 141.35 was broken to the upside, this pair might push further to the upside, to 141.70.
| Resistance | 141.35 | 141.60 | 141.85 |
| Support | 140.90 | 140.70 | 140.26 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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