GBPJPY crossing of 50ma to 200 1hr makes more buy

29 thg 9, 2020

Technically, observed crossing of 50ma above 200ma in 1hr chart makes more buying and formed a support at the same 50ma at 134.98. Daily perspective we see a upside bias till 136.50-137 zone followed by 139 which is fib 61.8% retracement zone. Current price says 135.75 can rise sharply till 13650/137 for the day. One can go for long as of today.

Suggestion: BUY GBPJPY AT CMP 135.75 SL BELOW 134.90 TGT 136.50/136.75 ELSE SELL BELOW 134.80 TGT 134/133.80 SL ABV 135.20