News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
GBP/JPY Classical Technical Report 02.17

GBP/JPY Classical Technical Report 02.17

Joel Kruger, Technical Strategist
Daily_Classical_GBPJPY_body_gbpjpy2.png, GBP/JPY Classical Technical Report 02.17

GBP/JPY: The cross continues to show evidence of the formation of a meaningful base, with the recent break back above 122.05 confirming a higher low by 119.60 and opening a fresh upside extension. Next key resistance comes in by the October highs at 127.35 and we expect a test of this level over the coming sessions. Any setbacks should now be very well supported above the 20-Day SMA on a daily close basis.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

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

DISCLOSURES