We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Long GBP/JPY at Market

Long GBP/JPY

To receive James Stanley’s Analysis directly via email, please sign up here.

This is related to the setup that we discussed in the article, GBP/JPY Technical Analysis: The New Trend is Settling-In. After the pair tagged resistance at the 137.50 level in the overnight session, a retracement has come-in down to the support zone that we’ve been watching around the 135.50 level.

Stops on the position can be adjusted below the swing low at 134.00, and targets can be cast towards 137.50, 138.80, 140.00 and then 141.50.

Chart prepared by James Stanley

--- Written by James Stanley, Analyst for DailyFX.com

To receive James Stanley’s analysis directly via email, please SIGN UP HERE

Contact and follow James on Twitter: @JStanleyFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

STOP!

From December 19th, 2022, this website is no longer intended for residents of the United States.

Content on this site is not a solicitation to trade or open an account with any US-based brokerage or trading firm

By selecting the box below, you are confirming that you are not a resident of the United States.