Keep An Eye On GBPJPY and it's MACD
The British Pound continued to edge higher against the Japanese Yen, with prices now aiming above the 194.00 figure. Near-term resistance is at 194.370, with a break above that on a daily closing basis exposing the 195.350.
Alternatively, a turn below the 23.6% Fib at 189.870 opens the door for a challenge of the 14.6% expansion at 188.000.
We would like to see the MACD start trending in a direction prior to initiating a position.
Alternatively, a turn below the 23.6% Fib at 189.870 opens the door for a challenge of the 14.6% expansion at 188.000.
We would like to see the MACD start trending in a direction prior to initiating a position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.