GBPJPY 25.01.2021

Technical Analysis
Monday, January 25, 2021 - 15:13
Point Trader Group

Overview:

Prices are moving in a short term bearish direction

Expected:

The pair is trading below a strong resistance level around 142.26, which enhances the downside chances during today's trading to 141.50

Alternative Scenario:

On the other hand, we think that if the level of 142.26 was broken to the upside, this pair might push up to 143

 

Resistance142.26142.50142.80
Support140.00139.60139.20

 

  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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